Latest news with #Vince'sMarket
CNBC
22-07-2025
- Business
- CNBC
How Canadian boycotts are impacting the U.S.
Amid rising trade and political tensions, Canadian consumers are increasingly turning their backs on American products. Giancarlo Trimarchi, owner of Vince's Market, a Canadian grocery chain, has seen the backlash firsthand. "Customers are demanding as much Canadian product as possible and get upset when they see U.S. goods," he said. In a move that could escalate the trade standoff further, President Donald Trump recently announced new tariffs of 35% on Canadian goods starting Aug. 1. "The U.S. tariffs look like they're going to last for the duration of the Trump administration in one form or another. And, that's going to keep other countries in a negative mood towards U.S. goods and services," said Gary Hufbauer, senior fellow at Peterson Institute for International Economics. A "Buy Canada" movement is also intensifying, with 71% of Canadians saying they plan to buy fewer U.S. goods this year, according to retail data consulting firm dunnhumby. That pullback is expected to cause a drop in U.S. exports to Canada, particularly in food and alcohol. In 2024, Canada was the U.S.'s second-largest food export market, valued at $28.4 billion, according to the U.S. Department of Agriculture. Tourism is also feeling the pressure, with foreign tourists canceling their travel plans to America. The loss in revenue from international travelers is expected to cost the U.S. economy $12.5 billion this year, according to the World Travel & Tourism Council. The boycott sentiment isn't limited to Canada. European consumers, sharing the same frustrations with U.S. foreign policy, are also rejecting American products. A European Central Bank survey revealed that 44% of Europeans are turning away from U.S. brands. This has contributed to plummeting sales for U.S. companies, especially Tesla, which saw a nearly 28% drop in European sales amid a litany of other factors. While some hope trade tensions will ease and that things will return to normal, consumer surveys indicate this shift in behavior could have lasting effects on U.S. companies, even after tariffs are resolved. Watch the video to find out more about the Canadian boycott of American goods and what impact it could have on the U.S. economy.
Hamilton Spectator
12-06-2025
- Business
- Hamilton Spectator
Vince's honoured at South Simcoe Business Awards ceremony
Vince's Market in Tottenham was honoured with the Community Excellence Award at the 25th Annual South Simcoe Business Awards, held at the Community Hub in Bradford on Thursday, May 22. The event brought together business leaders, elected officials, and community champions to celebrate what makes South Simcoe thrive – its people and the businesses that support them. Many deserving nominees were recognized during the evening. Vince's was proud to be honoured for its community contributions. The grocery store believes that for businesses to be strong, communities must be strong. That's why it created Vince's Community Support – a program dedicated to charitable giving. Every year, Vince's invests $45,000 to support local charities, house league sports teams, the arts, and grassroots initiatives that make a difference in the community. Since the program was launched in 2018, it has raised over $180,000 for organizations that are improving lives every day. 'Vince's is very proud to be recognized in the Town of Tottenham,' said Maria Ciarlandini, Vince's community ambassador. 'Thank you for acknowledging and highlighting our team's efforts to support this wonderful community.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
