Oil and gas taxes may be imposed at a reduced rate under the customs tariff announced by US President Donald Trump on Saturday, but the rest of the Alberta goods that travel across the border will face 25 percent fees starting on Tuesday.
While the details are still settled, the journey to get here was stressful for some industry groups.
Bianca Parsons, Executive Director of the Food Therapists Association in Alberta, says the province’s food sector contributes 28 billion dollars to the regional economy. But this may change as soon as the tariff is valid.
“It is a difficult day because this is a long time to come,” said Parsons. “We have heard a little information.”
The waiting was increasing the nerves. “We don’t know what to do so,” Parsons continued. “How can we get them above the border? What are the relevant papers?
Parsons says there is already a recent talk among some companies about mobilization and transition south of the border to avoid additional costs. “This allows them to make the products they sell in the United States in the United States,” Parsons said. “For business Alberta and Canadian companies, some of them move and lose their functions.”
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Parsons says it is also difficult for companies to put investors. “To have investors or show your customers that this is a great time to invest in your product, it’s frightening when you deal with uncertainty.”
The weeks before the tariff were announced on Saturday, fearing the Calgary Calgaret Chamber.
Ruhee Ismail-Teja, Vice President of the Chamber of Politics and Foreign Affairs, says that it now helps to clarity that the customs tariff is coming and information about how Canada responds. “One of the biggest challenges faced by the Chamber and the business community is to reduce noise.”
Ismail Tiga says that Alberta will suffer from severe consequences of customs tariffs. The Chamber calls on the federal government to remove tension with the United States and reduce trade restrictions between provinces.
“There is a lot of conversation about revenge, and our business community has made clear that while it is on the list of options, it is very close to the bottom,” she said.
“There is a lot of diplomacy that should be done first, and in fact, the priority should be to rid the definitions and remove them as quickly as possible.”
Economist Moshe Lander says that talking about customs tariffs, regardless of the time of their arrival, draws the economy. “This ends up in evaluating the same people. If they are now afraid of what this means, it will become a traction on the economy.” “This may be harmful to the confidence of work and confidence in the consumer at this stage. When these people fall, spending tends to decline with it.”
Landers says that Albertans has gone through prices before, especially during the Covid-19 and inflation periods, and he advises people to beware of spending.
“Make sure to spend your money in an unsample way. I cannot tell you how much food is lost because people will say,” O children, you will eat it. “After that, the next thing you know, you stick to it in the garbage bag, saying,” I think we have never turned to it. ” “You can’t do that now because it is another problem of living and the ability to withstand costs.”
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