Canada’s retaliatory trade tariffs against the United States could cost New Mexico’s salsa and chile industry nearly half a million dollars.
“It’s always concerning when there are tariffs or price raises when it comes to items we use for our salsa,” said Gilbert Sanchez, the General Manager of Sadie’s on Fourth Street.
Canadian Prime Minister Justin Trudeau announced Sunday, they will be imposing a 10 percent tariff against all sauces, condiments, and seasonings coming from the United States.
“It’s going to hurt consumers and businesses. There’s no doubt about that,” said Terri Cole with the Albuquerque Chamber of Commerce.
According to the US Chamber of Commerce, this tariff will threaten $427,579 worth of revenue for salsa and chile makers in New Mexico.
“Fixing unfair trade practices is a noble goal and an important one. We would hope however, we can get these problems solved without creating so much collateral damage from our small business community,” said Cole.
As of right now, Sanchez says they are doing what they can to prepare for the tariff changes so their prices don’t go up.
“We go back to the drawing board and look at other ways,” said Sanchez.
KRQE News 13 did reach out to several other salsa and chile makers. They told us they were still trying to figure out how the tariffs will affect them.
To see all the ways the tariffs will affect New Mexico, click here.
Canada says these tariffs are in retaliation to President Donald Trump’s unpopular tariffs on steel and aluminum.
KRQE News 13 has reported, those tariffs will likely have a massive impact on New Mexico’s craft beer industry.
For a full list of the new tariffs, click here.