Shoppers will soon start seeing tariff prices drop on thousands of grocery items at Loblaw stores in Canada.

Last Friday, Prime Minister Mark Carney announced that Canada would be removing retaliatory tariffs on American goods, effective Sept. 1. Loblaw Companies Ltd. CEO and President Per Bank welcomed the news in a recent LinkedIn post, calling it a “big development” for businesses and customers.

“It means that, in the days and weeks ahead, the price of goods in our stores impacted by tariffs will come down,” he wrote . “Prices will come down over time, as we sell through inventory that was purchased based on tariffed pricing.”

After calls for grocers to label made-in-Canada products mounted in February and March, Loblaw implemented a system that marked Canadian products with

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