Following the election of Donald Trump as the 47th president of the United States, concerns are being raised in Alberta about the potential negative impact on the province’s biggest trading partner. The Alberta government highlights the importance of the United States as a trading partner, with over $156 billion worth of exports in 2023. Premier Danielle Smith congratulated the new American president and vice-president and emphasized the vital role Alberta plays in North America’s energy security. However, some are expressing apprehension about the future of Alberta’s relationship with the United States, particularly in light of Trump’s economic protectionism policies.
Some experts, like MRU Policy Studies associate professor Lori Williams, believe that Trump’s proposed tariffs and protectionist policies could have significant economic and political implications for Canada. Williams highlights the challenges Canadian officials may face in trying to justify why Canada should be treated differently than other countries under Trump’s administration. Additionally, with the U.S. producing more oil than it consumes, Alberta may need to look to other markets for oil exports. Industries like agriculture could also be affected by protectionist policies in the United States, further complicating Alberta’s economic prospects.
The Calgary Chamber of Commerce shares concerns about the potential impact of Trump’s ‘America First’ agenda, which emphasizes self-reliance, deregulation, and tariffs on imports. President Deborah Yedlin warns that with $3.6 billion in goods and services crossing the border daily, Canada’s economy, particularly sectors like energy, agriculture, and critical minerals, heavily relies on U.S. markets. Yedlin expresses fears that Trump’s energy independence and tariff policies could disadvantage Canadian exports, leading to revenue losses and job threats, especially in the energy sector. She stresses the need for provincial and federal governments to collaborate on a ‘Team Canada’ approach to tackle the challenges posed by the new administration.
Overall, there are growing concerns in Alberta about the potential negative impacts of Donald Trump’s presidency on the province’s trade relationship with the United States. With the U.S. being Alberta’s largest trading partner, the province heavily depends on access to American markets for its exports. Trump’s economic protectionism policies, including tariffs and emphasis on energy independence, could pose challenges for Alberta’s oil and agriculture industries. Experts and business leaders are urging the Canadian government to adopt a unified strategy to navigate the uncertainties of Trump’s administration and protect Alberta’s economic interests.
As Alberta braces for potential economic challenges arising from Trump’s policies, there is a recognition of the need for strategic planning and collaboration at the government level. Premier Danielle Smith’s congratulatory message to the new American president suggests a willingness to strengthen ties with the United States, despite looming uncertainties. However, the province must also prepare for potential changes in trade dynamics and seek diversification of export markets to mitigate risks associated with Trump’s protectionist stance. By adopting a proactive and unified approach, Alberta aims to safeguard its economic interests and maintain a resilient trading relationship with its largest partner amid evolving political and economic landscapes.
