If politicians zig when the market expects them to zag, there is a ripple effect with Canada and Saskatchewan not immune.
With the bluster about tariffs for Chinese products coming into the U.S. market and the Chinese retaliating with talk of their own tariffs, a University of Saskatchewan professor at the Johnson Shoyama School of Public Policy says there are 2 possibilities for what could happen:
The first possibility is that Saskatchewan businesses would then be able to export more of its commodities like grains, pulses and seeds, oil and wood pulp.
The second possibility is that China would have to find a new market other than the U.S., so Canada could see more imports here and therefore more competition, possibly bringing down the price of Saskatchewan products.
Then, with trade among Canada, the U.S. and Mexico and the uncertainty over the North American Free Trade Agreement, that too could be a challenge.
Phillips says generally speaking, all countries do better with predictable trade flows because we are all so inter-connected.
U.S./China Tariffs Tiff Could Affect Saskatchewan
By Carol Thomson
Apr 6, 2018 | 2:34 PM
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