Canadian roasters, chocolatiers, bakeries, beverage processors, food manufacturers and restaurant chains all stand to enjoy relief in their margins.

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After months of insisting tariffs had nothing to do with rising grocery prices, U.S. President Donald Trump abruptly reversed course this week, rolling back duties on more than 200 food-related products.

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The list is broad: beef, coffee, cocoa, spices, bananas, orange juice, tomatoes, tea, and even certain fertilizers.

Officially, the move is being presented as a consequence of new “reciprocal trade agreements,” but the real motivation is more straightforward. American consumers have been feeling the pain of high food prices, and the White House could no longer ignore the political consequences.

What’s remarkable is how much this decision benefits Canada. For starters, Canadian beef producers stand to gain........

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