Ahold Delhaize CEO Anticipates US Tariffs Increasing Prices in Canada and Mexico

On February 12, Ahold Delhaize, the supermarket group, anticipates that the U.S. tariffs on Mexico and Canada will likely result in increased prices for food, vegetables, and paper products, as shared by group CEO Frans Muller in an interview with Reuters.

In response to the potential impact, Ahold is exploring the possibility of procuring more goods from locations on the West Coast and states like Florida if Mexican products lose competitiveness, Muller explained.

Muller noted, "As the vast majority of our products are domestically sourced, the tariffs do not pose a significant risk to our company."

President Donald Trump announced a 25% tariff on most Canadian and Mexican goods on February 1, but later postponed its implementation for a month to engage in negotiations with the two largest trading partners of the United States.

Ahold Delhaize, a Dutch company that reported higher-than-anticipated fourth-quarter sales on Wednesday, earns over half of its revenue in the U.S., striving to maintain competitive prices to retain its customer base.

Europe serves as the company's second-largest market.