Canada's High Liner Foods said it is plans to eliminate non-essential products as it faces financial "headwinds" heading into 2019 that include tariff increases resulting from a trade war between the United States and China and rising raw material costs.

US import tariffs and the loss of major customer will have a significant impact on High Liner's bottom line next year, the company told analysts during a conference call on Thursday following the release of its disappointing third-quarter results.