From lobsters to oil and gas: Maritime businesses unsure of U.S. tariff impact [Video]

Export-based businesses across the Maritimes are in shock and unsure of the economic impact from U.S. President Donald Trump’s tariffs that came into effect Tuesday. 

Many sectors in Nova Scotia and New Brunswick are now waiting and bracing for what comes next.

As of Tuesday, a sweeping 25 per cent tariff was imposed on all goods entering the United States from both Canada and Mexico, with a 10 per cent tariff on Canada’s energy exports.

Canada responded with immediate 25 per cent retaliatory tariffs on $30 billion worth of American products and will expand them to cover another $125 billion in U.S. goods in 21 days.

The lobster sector exports roughly 65 per cent of its products to the U.S., and American shoppers are already seeing a hefty price increase in the grocery store.

The Lobster Council of Canada says this will impact everyone — from processors to fish industry …