The National Post reports in its Monday, Feb. 3, edition that with U.S. tariffs on Canadian goods set to begin Tuesday, business groups warn that even the reduced tariff on Canadian energy will harm economies on both sides of the border. A Canadian Press dispatch to the Post reports that President Donald Trump signed an executive order imposing a 25-per-cent tariff on Canadian goods and a 10-per-cent tariff on Canadian energy. Scott Crockatt from the Business Council of Alberta noted that while there is some relief in the oil and gas sector due to the lower levy, many Canadian jobs are at risk. He emphasized the uncertainty of how the tariffs will impact the supply chain. Energy products are Canada's largest export to the U.S. and a key revenue source for Alberta's government. Mr. Crockatt emphasized the importance of not imposing additional burdens on the energy sector, highlighting that the reduced tariffs signify recognition of the costs associated for Americans. He said, "I think we can view that as at least somewhat positive -- that they're tethered to economic reality." Mr. Trump's lower tariff on energy reflects the importance of the energy relationship between the two countries.
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