As Donald Trump's second term approaches, Canadian businesses in the agri-food sector, particularly beef producers, are anxiously anticipating potential tariffs. The threat of sweeping tariffs looms, raising concerns about the integrated Canada-U.S. supply chain and the potential for devastating consequences for the industry.
Ahead of the U.S. president-elect’s rapidly approaching inauguration, Canadians in the agri-food sector are anxiously awaiting what could be a turbulent start to a second Donald Trump term, as threats of sweeping tariffs continue to dominate headlines.Although it's uncertain what U.S. president-elect Donald Trump’s tariffs would entail — or if they’ll actually happen — what is clear is the sense of anxiety those with a stake in the beef industry are feeling. Ahead of the U.S.
Keith Gregory is the vice-president of Cattleland Feedyards, a feedlot near Strathmore, Alta. He's also chair of the Alberta Cattle Feeders’ Association. "It's not really an American industry and a Canadian industry.… I'm not sure totally understands the ins and outs of our industry."to the U.S. at $3.1 billion in 2023, followed by crude canola oil at $1.2 billion, then live cattle , processed potatoes and oilseed cake and meal .
"There's been quite a recognition that together we're more competitive. Right now, world beef demand is growing faster than world beef production, and particularly for high-quality, grain-fed beef, and that's strength."According to Laycraft, Canada and the U.S. have the largest two-way trade in live cattle and beef in the world. It's why, he said, anything that affects the pricing between the two markets has an immediate impact on the industry as a whole.
Politics TARIFFS TRADE CANADA USA AGRICULTURE BEEF ECONOMY
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