Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally at Macomb Community College in Warren, Mich. on Nov., 1, 2024. The right image shows Pumpjacks draw out oil and gas from a well heads near Calgary, Alta.
With Donald Trump set to become the next president of the United States, some market watchers are feeling uneasy about what the Republican leader's "America First," protectionist trade policies will do to Alberta's economy.Former U.S. president Donald Trump, the Republican nominee, holds a campaign rally at Macomb Community College in Warren, Mich., last Friday. The image on the right shows pumpjacks at well heads near Calgary on May 12, 2024.
With Alberta being the largest crude producer in the country, some say this new era of Trump could mean the province's economy is particularly exposed to what's going on in the States. Trump also promised during his campaign that it would be "This is not a 10 per cent tariff … it is the weaponization of uncertainty," he told CBC Radio host Kathleen Petty on Wednesday, adding the uncertainty is to force jobs back to the U.S. across the economy.Because of how the former president will now be surrounded by a different team and the implications of the MAGA think-tank that is Project 2025, Dade foresees a very different environment for a second Trump term.
"They would be shooting themselves in the foot were they to make their very own feedstock more expensive," he said.After winning several battleground states, Donald Trump, flanked by family and supporters, gave a celebratory speech in which he vowed to 'bring every ounce of' energy and fight to the job of president.
"We know that while President Trump has been in before, there's a significant turnover of officials around him," she said. On behalf of the Government of Alberta, I would like to congratulate President-elect @realDonaldTrump and Vice President-elect @JDVance on their victory. Alberta and the United States have a long standing trading partnership that has strengthened both economies and improved…Smith also said Alberta is the single largest supplier of crude oil and natural gas to the United States, making it a critical part of North American energy security.
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