Saskatchewan businesses brace for new U.S. tariffs as honey producers hit hardest
Saskatchewan faces new U.S. tariffs, though analysts say the province is less exposed than others, with beekeepers among those hit hardest. A 50 per cent tariff threatens 15 to 20 per cent of honey sales to the U.S., forcing producers to seek alternative markets in Europe and Southeast Asia, though not immediately. Analysts note targeted tariffs on agricultural machinery parts, while Ontario and B.C. face larger impacts from auto and forestry tariffs. Prime Minister Mark Carney pledged dollar-for-dollar retaliation, with advisors urging a calibrated response to maximize U.S. impact while minimizing Canadian blowback. Business groups seek federal strategy and a deal for stability, though experts warn protectionist sentiment may persist long-term.