March 24 (Reuters) -
Odd Burger ( ODDAF ) is suspending its U.S. expansion plans
due to tariffs worsening trade relations between the United
States and Canada, the vegan fast-food restaurant chain owner
said on Monday.
The Canadian company, which had said earlier this month that
it will invest $2 million in the U.S., now plans to use the
capital to bolster its Canadian manufacturing and franchise
operations.
Odd Burger ( ODDAF ) said it aims to help Canadian businesses
transition to locally made plant-based products, and sees
significant growth opportunity in supporting the Canadian
market. The company makes plant-based protein products and dairy
alternatives and also distributes them to grocery retailers in
Canada.
Consumers from a number of Canadian provinces have been
canceling trips and moving away from U.S. goods and sporting
events to support local businesses amid rising concerns of a
trade war.
Several Canadian businesses, including alcohol makers such
as Brown-Forman ( BF/A ), have been hit hard by President Donald
Trump's import tariffs as well as retaliatory tariffs.