Political leaders and businesses in St. John, NB on Canadian goods The impact of the tariff is struck, saying that the city is the most sensitive in the country.
“Tariffs will be inflation on both sides of the border and this can be squeezed at the level of the house, which will be very challenging to navigate,” said Fraser of Wall LS, a board chair of St. John Chamber Commerce for Commerce.
On February 1, US President Donald Trump signed an executive order imposing tariffs on Canadian and Mexican goods. The day before the implementation of the tariff, Prime Minister Justin Trudeau and Trump received a phone call, after which Trump stopped the tariff for 30 days.
According to a new research by the Canadian Chamber Commerce for Commerce, St. John will have the most blow by US tariff.
Using Statistics Canada Trade Data, the organization came up with the “US Tariff Exposure Index” to see the potential impact of threatening American tariffs on 41 Canadian cities.
Get daily national news
Top news of the day, headlines of political, economic and current affairs, deliver to your inbox once a day.
Researchers said St. John is the most sensitive. The area has an Irving oil refinery, the largest crude oil refinery in Canada. Refinery can process 320,000 barrels per day, exporting more than 80 percent of the oil border to the south.
In a statement last week, the refinery said it had a “proud and strong relationship with the United States” since 1972.
“As a result of this tariff, prices will rise for our US consumers and affects the security and broad economy,” the statement wrote.
“Given the importance of the security of the Energy Power supply chain, we urge the government and all stakeholders of the industry to gather and work towards resolutions as soon as possible.”
Seafood and forestry products in the Chamber Commerce for Commerce Report also the U.S. There are other top exports for
“In 2023, there were $ 15.5 billion (valued) goods that were traded from New Brunswick to the US, and a good part of it from St. John,” said Wall LS.
trending now
-
![]()
Trolling Trump, Illinois Governor Missing Michigan is now Lake Illinois
-
![]()
Trump has threatened Canadian car with up to 100% tariff
The walls are afraid of the potential multi-billion dollars on the local economy in St. John, and says the U.S. There is a great potential for working with meritimes to reduce the dependence on the market.
It’s an idea shared by St. John Counter. Brent Harris.
He said, “We really should return as much as we can do as much as we can, and so Deep Wanda Water Water Port is a better place than St. John.”
It adds that the city has a unique opportunity to expand its cargo features.
“St. John’s Airport is very little use as an alternative. Many available space, a straight rail link that goes to it, so, there are many competitive advantages that we really have not put into efforts to invest and explore. “
In addition, Trump signed an executive order on Monday that the implementation of 25 percent tariffs on all steel and aluminum imports in the United States began on March 12. It will stack the top of 25 percent of the tariff on Canadian goods, according to the White House.
– With a file from the Canadian press
And Copy P2025 Global News, Department of Chorus Entertainment Inc.
