Wegmans releases statement about possible impacts if tariffs go in effect

ROCHESTER, N.Y. — Wegmans said it’s preparing for potential impacts if the Trump administration’s tariffs on Canada and Mexico eventually go into effect.

Those tariffs wouldn’t go into effect for at least a month, since President Donald Trump agreed with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum to pause the tariffs. However, Trump’s tariffs against China are still slated to go into effect on Tuesday.

In a statement on Monday, Wegmans said that it anticipates that some prices would fluctuate if the tariffs go into effect. Here is the statement:

“As we prepare for the imposed tariffs to go into effect, we are monitoring the potential impacts. While there’s still a lot to be learned, we anticipate prices on impacted products will fluctuate. We remain committed to keeping our prices competitive.”

Tariffs are taxes on imports. The American companies that import the goods pay the tax and the money goes to the U.S. Treasury. Economists say those companies typically pass on the tax burden to their customers in the form of higher prices.