U.S. tariffs on Canada are now in effect. How will they affect B.C.? [Video]

Long-discussed U.S. tariffs on Canadian goods came into effect on Tuesday and are expected to have a serious impact on British Columbia’s economy. 

B.C.’s government says it has has a plan to respond to the 25 per cent tariff, which is expected to affect numerous industries from lumber to construction to agriculture. 

“I expect that uncertainty and disorder will be with us and our friends in America for the next four years,” B.C. Finance Minister Brenda Bailey said Monday. 

Here is a look at how the tariffs could affect British Columbians.

How will tariffs affect B.C.’s economy?

The B.C. government has estimated that tariffs could lead to a cumulative loss of $69 billion in economic activity in the province between 2025 and 2028.

It has also estimated that tariffs would result in 124,000 job losses by 2028, an annual decline in corporate profits of between $3.6 billion and $6.1 billion and a reduction in annual government revenue between $1.6 billion and …