No one wins in a trade war: Alberta energy experts respond to lower tariff [Video]

With both Canada and the United States set to implement tariffs on each other’s goods, there is some relief for Canada’s energy sector.

Many Canadian products will be slapped with a 25 per cent tariff on Tuesday. Industry experts say the lower 10 per cent tariff proves how Alberta’s oil and gas is crucial for both countries.

Scott Crockatt, vice-president of communications for the Business Council of Alberta, said the move by U.S. President Donald Trump was disappointing. However, he calls the decision to keep energy out of the 25 per cent penalty significant.

“No one wins in a trade war is the reality,” he explained. “The fact that the tariff is different on energy products than it is on the rest of the economy is meaningful because energy is the biggest portion of what we trade with the United States. And from an Alberta perspective – overwhelmingly,” he added.

Crockatt said it still isn’t clear how the …