BC Premier David Eby outlines plans to mitigate the economic impact of potential U.S. tariffs on Canadian goods. He emphasizes the government's commitment to assist affected individuals and businesses, drawing parallels to the COVID-19 pandemic response.
British Columbia Premier David Eby asserted that the provincial government is prepared to 'fill in the gaps' on federal government assistance should the United States implement tariffs on Canadian goods this Saturday, as foreshadowed by President Donald Trump. Eby drew a comparison to the COVID-19 pandemic response, emphasizing the aim to support individuals and businesses affected by the escalating trade war.
\Eby stated that the federal government has formulated measures to alleviate the impact on Canadians affected by tariffs. 'We're going to ensure they keep their word and that they treat this the same as the COVID response,' he pledged. 'We will support the federal government on matching tariffs,' Eby added. However, if federal support proves insufficient, Eby declared that the provincial government will step in to provide assistance. He emphasized that retaliatory tariff funds should and will be redirected to support impacted businesses and individuals.\'We were hoping the president was just angling for a renegotiation ... but it appears he's ready,' Eby remarked, acknowledging the seriousness of the situation. He expressed his support for targeting Republican states that endorse the tariff imposition. Eby has previously indicated his agreement to include British Columbia exports in a retaliatory tariff package. He mentioned additional measures that could disrupt American commerce, such as imposing fees on U.S. trucks transiting the province en route to and from Alaska. Eby also urged British Columbians to reconsider vacation plans in the United States should tariffs be implemented.\A preliminary assessment conducted by the B.C. government published on January 16th projected that the province would experience a loss of 124,000 jobs and $69 billion in economic activity over the next three years. The province's GDP, currently at $336 billion, is projected to only reach $345 billion by 2028, instead of the anticipated $366 billion under normal circumstances. The economic downturn would necessitate government austerity measures, including the cancellation of a middle-class tax cut previously promised last October by the BC NDP, according to Eby
TRADES ECONOMICAL IMPACTS TARIFFS BRITISH COLUMBIA DAVID EBY
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
British Columbia Premier Warns of Economic Fallout from Trump's TariffsBritish Columbia Premier David Eby warns of severe economic consequences from US President-elect Donald Trump's planned tariffs, predicting a loss of 124,000 jobs and $69 billion in economic activity by 2028. Eby outlines potential retaliatory measures against the US, including restricting the transport of US goods through British Columbia to Alaska.
Read more »
British Columbia Premier Vows Retaliation Against US TariffsBritish Columbia Premier David Eby has pledged a strong response to US President Donald Trump's threat of a 25% tariff on all Canadian goods. Eby stated that British Columbia will retaliate in kind, potentially targeting US alcohol, electricity, government contracts, and even charging American trucks transporting goods to Alaska. The province is also exploring diversification of trading relationships with other countries to mitigate the economic impact of tariffs.
Read more »
Eby Calls Trump's Tariffs an 'Economic War' on CanadaBritish Columbia Premier David Eby condemned U.S. president-elect Donald Trump's proposed 25 percent tariffs on Canadian goods, characterizing them as a 'declaration of economic war' on Canada and British Columbia.
Read more »
Eby Calls Trump's Proposed Tariffs 'Declaration of Economic War' on CanadaBritish Columbia Premier David Eby has condemned U.S. president-elect Donald Trump's proposed 25 percent tariffs on Canadian goods, calling them a 'declaration of economic war' on Canada and British Columbia.
Read more »
B.C. could impose tariffs on products from red states if Trump tariffs go ahead, minister saysB.C.'s Finance Minister Brenda Bailey will hold a press conference on Monday afternoon following President Donald Trump's inauguration in the United States.
Read more »
British Columbia's 911 Service Releases Annual List of Unusual CallsE-Comm, British Columbia's emergency call service, has released its annual list of the most unusual and inappropriate 911 calls. The list includes complaints about overripe fruit, a neighbour's cologne, and an unopened McDonald's restaurant. E-Comm reminds the public that 911 lines should be reserved for emergencies.
Read more »