With just over a week until Canada’s reciprocal tariffs targeting certain imports from American suppliers set to come into effect, we are beginning to get a feel for how this new twist will affect various parts of our country.
And, it turns out, Saskatchewan is at both ends of the equation.
An assessment by the economists at RBC says while Saskatchewan exports were largely ignored by American tariffs when compared to other parts of Canada, it is a different story for Canada’s counter-tariffs.
On that front, the bank says, 74-percent of our US imports are in the crosshairs. Only PEI has a higher rate at 78-percent.
The American list targets principally central Canada’s manufacturing sector with tariffs on steel, aluminum and the auto sector. They pretty much stayed away from western Canadian commodities because they rely on them for their supply chain.
When Canada put its list together, we pretty much did the opposite. And, with such a high level, it is unlikely we will be able to find lower cost alternative suppliers to replace our existing providers.
