Saskatchewan Premier Scott Moe has revealed plans to impose counter-tariffs on American alcohol products, matching the U.S. tariffs set at 50 percent. During a press briefing in Prince Albert on Wednesday, Moe disclosed that the counter-tariffs would be enforced starting September 8th.
This move follows Ottawa’s recent announcement of counter-tariffs on $27.6 billion worth of U.S. goods, along with a $7.5 billion support package for workers and businesses. Moe expressed his backing for the federal government’s strategic approach to counter-tariffs on U.S. imports, following failed trade negotiations over the weekend.
Citing concerns over the U.S. infringing on international trade agreements, Moe criticized such actions as unacceptable. Saskatchewan has been actively cultivating trade ties beyond North America, a strategy that has yielded positive outcomes, according to the premier.
The new counter-tariffs are anticipated to impact around $1.5 billion, or 11.3 percent, of Saskatchewan’s yearly imports from the U.S. The province is currently assessing the counter-tariff list in-depth and collaborating with affected industries to evaluate potential effects on employment and consumer prices.
Additionally, Moe mentioned that Saskatchewan is scrutinizing the federal government’s support initiatives to ensure their efficacy for businesses and employees. While acknowledging the necessity of responding to the latest U.S. tariffs appropriately, Moe emphasized the negative repercussions of tariffs on businesses, jobs, consumers, and families on both sides of the border. He stressed the importance of striving for a return to a free and equitable trade relationship with the U.S., similar to the longstanding rapport enjoyed in past years.
