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Moe Responds to Current Tariff Threat

Questions remain about whether U.S. President Donald Trump will follow through on his threat to impose tariffs on Canada.

Meanwhile, Saskatchewan’s provincial government is working on its 2025-2026 budget.

A proposed 25 per cent tariff on Canadian exports to the U.S., which Trump has suggested could take effect as early as February 1, would be “devastating” to the economy, according to Premier Scott Moe.

The provincial budget includes estimates for key revenue sources such as exports and natural resources. Even a one-dollar shift in oil prices can mean millions for Saskatchewan’s finances. In 2023, the province exported $27 billion in goods to the U.S., more than half of its total exports.

Moe acknowledged last week that preparing a budget under the threat of tariffs is difficult.

The premier noted that budget planning has been unpredictable for years.

Moe also emphasized that his focus is on preventing the tariffs, and if they are imposed, working to have them removed as quickly as possible.

Earlier this month, he introduced the Saskatchewan Border Plan, aimed at strengthening ties with the U.S. in response to concerns raised by Trump.

The provincial budget is typically released in the third week of March.

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