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After a month-long pause, the U.S. has now imposed 25-per-cent tariffs on Canadian goods and 10 per cent on energy exports, forcing Saskatchewan to brace for impact.
Saskatchewan facing grim new reality as Trump tariffs take effect
A University of Saskatchewan economics professor has said the tariffs could lead to a Canada-wide recession.
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The White House had confirmed Monday that the tariffs were scheduled to take effect at midnight. They are now a reality, one which a University of Saskatchewan economics professor has said could lead to a Canada-wide recession.
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Days after returning from a second trade mission to the U.S., Saskatchewan Premier Scott Moe said in an email Monday that the province was working with the federal government and other provincial governments to co-ordinate a “national response should the US tariffs go ahead.”
He emphasized a desire to see free trade continue, but said if the U.S. were to proceed “with an ill-conceived tariff policy, we will have no choice but to defend Saskatchewan industries and families.”
In 2023, Saskatchewan exported $27 billion worth of goods to the U.S., with crude oil accounting for $11.6 billion of trade. Steel and aluminum tariffs also loom. The province sent $413 million worth of steel, iron and aluminum exports to the United States in 2024.
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U.S. President Donald Trump’s executive order tied the tariffs, which are also set to impact Mexico, to the illegal flow of people and drugs across the borders. The tariff threat was paused for one month after Canada and Mexico agreed to introduce new security measures at their respective borders.
Trump has not said publicly what actions would be required in order to remove the tariffs.
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Back in February, Prime Minister Justin Trudeau indicated that Canada would impose retaliatory tariffs on $155 billion worth of U.S. imports. Of those, $30 billion would immediately be subject to tariffs, with the remaining balance coming into effect after 21 days.
More to come…
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alsalloum@postmedia.com
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