Two Alberta cities considered to be hardest hit by U.S. tariffs on Canada
While Alberta leads the country in residents who are open to becoming the 51st U.S. state, a new report has shown two cities would be the hardest hit by the 25 per cent tariffs that President Donald Trump has introduced.
Using Statistics Canada trade data, the Canadian Chamber of Commerce (CCC) came up with a U.S. Tariff Exposure Index to look at the potential impact of threatened American tariffs on 41 Canadian cities.
Calgary ranks second on the list, thanks to its status as a major hub for exporting crude oil and natural gas to the U.S. Midwest, particularly Illinois. Beef is also a major export.
The CCC added that the large value from cured oil exports and the concerns of passing higher gas prices onto Americans explains why Trump applied a lower tariff on Canada’s energy exports, opting for a 10 per cent tariff versus 25 per cent for all other export categories.
Lethbridge placed 10th, much higher than Alberta’s capital city, Edmonton, which came in 24th, thanks to its beef exports.
Canadian Chamber of Commerce
The organization added that its rankings are designed to highlight the relative exposures within Canada to U.S. tariffs.
“This is a complicated and fluid situation and the ultimate impact for Canada’s local economies from these tariffs is highly uncertain. The economic damage done depends heavily on how long these tariffs are in place, or threatened,” it added.
“We expect more volatility and weakness in the Canadian dollar, which will partly act as a shock absorber.”
Daily Hive previously chatted with a senior economist regarding which jobs were most at risk in Alberta under U.S. tariffs, with one key sector looking to be dealt a heavy blow.
Are you concerned about the tariffs Trump has brought in and the impact they may have on Alberta? Let us know in the comments below.