Alberta Premier Danielle Smith is expressing cautious optimism regarding the impact of new tariffs expected to be announced by U.S. President Donald Trump. While the exact details remain unclear, Smith believes that critical sectors such as food production and the oil and gas industry in her province may not face the brunt of these tariffs.

In a statement to reporters, Smith noted, "I don’t want to get ahead of myself, but from what I’ve been hearing from various administration officials, it appears that the tariffs will mostly be applied sectorally." This is particularly relevant as the Trump administration has previously imposed tariffs of up to 25% on various imports from Canada and Mexico but paused these measures shortly after their introduction.

Trump has dubbed the impending tariff announcement as “Liberation Day,” a move aimed at imposing reciprocal tariffs that align with those imposed by other nations on U.S. goods. However, Smith argues that the absence of tariffs on U.S. oil and many food products entering Canada could protect Alberta’s crucial industries from significant disruptions.

Conversely, she anticipates that industries such as automotive, pharmaceuticals, and timber may not share the same fortunate outlook, particularly steel and aluminum manufacturers who have already been affected by a 25% tariff since March.

Smith advocates for exemptions regarding raw materials and goods exported to the U.S. that are utilized in American manufacturing processes, underscoring the mutual benefits of such a policy. "That's what I hope to see in the announcement tomorrow, but we won’t know for sure until it’s revealed," she remarked.

As anticipation builds ahead of the announcement, the Trump administration has remained tight-lipped about specific details. White House Press Secretary Karoline Leavitt emphasized the president's aim to revitalize the U.S. manufacturing sector, positioning America as a preeminent force in global trade.

In light of the tariff situation, Smith has not confirmed whether Alberta would adjust its retaliatory measures, which include curtailing the sale of American liquor and limiting contracts with U.S. companies. Regardless, she plans to continue engaging with U.S. officials to highlight the potential repercussions of tariffs.

Her recent appearance alongside U.S. conservative figure Ben Shapiro at a fundraising event in Florida drew criticism from opposition parties in Canada, yet Smith defended the collaboration, framing it as a strategic outreach effort. "These influencers can sway decision-makers in Washington," she stated. "We need to leave no stone unturned in our efforts."

With the ticker running down to the tariff announcement, all eyes are on Alberta's key industries, awaiting news that could reshape their trajectory in the coming months. Will the anticipated exemptions materialize, or will Alberta bear the weight of new tariffs? Stay tuned for the latest updates!