U.S. President Donald Trump announced Monday that sweeping tariffs on Canadian imports will go into effect starting Tuesday.
Kent Fellows, an economist with the University of Calgary’s school of public policy, said Alberta could take a big hit, not just from Trump’s tariffs, but from Canada’s retaliatory tariffs as well.
Speaking to reporters in Washington on Monday, Trump confirmed his 25 per cent tariffs on all goods coming in from Canada and Mexico will go ahead, with a lower 10 per cent rate for Canadian energy imports.
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Trump originally announced the tariffs would go into effect on Feb. 4, but deferred them for a month after Canadian and Mexican officials promised to take steps to stem the flow of drugs and illegal immigrants across their respective borders, which Trump said was the reason behind his tariff threats.
Fellows told Global News that while it’s difficult to figure out exactly what Trump’s strategy is here, Alberta and the …