This is the amount that Alberta exports to the US.

Started by Olatunbosun, 2024-11-25 23:27

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President-Elect Donald Trump's planned broad 25% tariffs (opens in a new tab) could have a significant impact on Alberta's economy, as the US is the province's biggest trading partner.
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According to the Government of Alberta, 89% of the province's exports in 2023 came from trade with the United States. Alberta sent $156.3 billion to the United States last year alone. At $113.4 billion, or 73% of those exports, crude petroleum accounted for the bulk.Citing worries about illegal immigration and the drug trade, Trump declared on Monday that he will impose a 25% tariff on all items from Canada and Mexico on his first day in office, along with an additional 10% duty on goods from China. "On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders," Trump said on Truth Social. Trump declared that the tariffs will be in effect until the two nations crack down on illicit border crossings and drugs, especially fentanyl. On Monday, a social media post Premier Danielle Smith of Alberta stated this afternoon that the federal government needs to pay attention to the incoming U.S. government. Smith released a letter that was addressed on Monday to Prime Minister Justin Trudeau on behalf of Canada's premiers, requesting a meeting of First Ministers to discuss relations between the United States and Canada. Families and communities all around our nation are directly impacted by the prosperity of our trading relationship with the United States. Smith stated in the statement that Ottawa must take the initiative and give this cooperation top priority According to a report by ATB Economics, the United States is Canada's biggest overseas client, making up $595 billion in 2023, or 89% of total exports.
 A sweeping tariff, according to experts, would raise the cost of goods on both sides of the border and weaken the Canadian economy. There isn't any kind of financial rationale for his actions. His goal is to try to secure the border. According to Moshe Lander, an economist from Alberta who works at Concordia University in Montreal, "I believe that Canada is a source of insecurity, not for immigrants, but for illegal drugs coming into the country.
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"We anticipated a chaotic situation. It was four to eight when we noticed it years back when he was first president. There is no secret, in my opinion, that he wanted to cause the most harm possible. With 4% of all merchandise exports ($30.5 billion), China is Canada's second-largest trading partner. Alberta's overall exports to China account for only 3% of its total exports, or $5.5 billion in 2023.

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