Urgent.News

What's breaking now, across thousands of outlets.

Business

US tariffs hit Canada's 70-year-old honey farm

A century-old honey production company in Canada stands to lose its primary export market following the imposition of a 50% tariff by the United States. Podolski Honey Farms, established in 1954, is a family-run business that generates 90% of its revenue from sales to customers in the United States. General manager Osee Podolsky revealed that shipping costs to U.S. customers have become prohibitively expensive, effectively putting the farm out of business.

The farm is currently preparing to ship its honey to customers in the U.S. just before the tariffs take effect, fearing that the additional costs will make selling to the U.S. market financially unsustainable. Canada's Prime Minister, Mark Carney, criticized the U.S. for demanding too much and offering too little, stating that Canada would not compromise its sovereignty or key industries.

The tariffs have put the Canadian honey industry, which exported nearly $28.5 million worth of honey to the U.S. last year, in a precarious position, with many small businesses, including Podolski Honey Farms, facing an uncertain future.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at economictimes.indiatimes.com →

More in Business

More from Sunday 23 August →