There will be no winners. Atlantic Canada braces for impact of U.S. tariffs [Video]

UPDATE AS OF FEB. 3, 2025 AT 4:59 P.M. EASTERN: Prime Minister Justin Trudeau says the U.S. tariffs on Canada will be “paused” for 30 days. Read more about the announcement here.

The looming trade war between Canada and the United States raised alarm throughout the Atlantic provinces on Monday as leaders calculated the economic toll of hefty tariffs threatened by U.S. President Donald Trump.

In Newfoundland and Labrador, the executive director of the Association of Seafood Producers said the province’s lucrative crab fishery is in jeopardy, and he’s not sure if it will open as expected next month.

“I cannot sit here today and say there will be a fishery,” Jeff Loder told a news conference in St. John’s. “This is a serious situation …. We’re going to do everything we can to have a fishery, but we need to be prepared for whatever transpires.”

The tariffs are the biggest threat to the province’s seafood …