Premier Smith Opposes Counter-Tariffs

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Business

Business & Economics

Varcoe: If counter-tariffs are a no-go, what will Alberta do if U.S. levies hit oil and gas?

Summary

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69% Informative

Danielle Smith says it would be a terrible idea for Canada to impose counter-tariffs on oil and gas shipped to the U.S. , but doesn’t rule out looking at other tools.

Smith has made the case in recent weeks that Canada needs to address trade irritants raised by incoming US president Donald Trump .

Smith: A negotiated solution is the best course of action, but what tools does the province have to weather the storm?.

Last year , Alberta sold $134 billion of oil and gas to the U.S. The impact of tariffs on Canadian oil will depend on whether the levy is applied to North American imports.

If it’s only placed on oil from Mexico and Canada , that would likely widen the WTI-WCS differential, which sat around US$12 a barrel late last week .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful