{"id":876413,"date":"2026-08-30T00:44:09","date_gmt":"2026-08-30T00:44:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/876413\/"},"modified":"2026-08-30T00:44:09","modified_gmt":"2026-08-30T00:44:09","slug":"quebec-faces-2-billion-blow-from-new-u-s-tariffs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/876413\/","title":{"rendered":"Quebec faces $2-billion blow from new U.S. tariffs"},"content":{"rendered":"<p class=\"wp-block-paragraph\">An already sluggish Quebec economy is set to see \u201chardest\u201d hit to its industry of any province from the latest round of U.S. tariffs, losing close to $2 billion in annual output by 2028, a new report has warned.<\/p>\n<p class=\"wp-block-paragraph\">Oxford Economics, a global economic forecasting firm, estimates that the tariffs will leave Quebec\u2019s gross value added \u2014 a measure of economic output from industry \u2014 about 0.3 per cent lower than it otherwise would have been in 2028, marginally worse than those forecast for New Brunswick and Ontario, the other two hardest-hit provinces. Using Quebec\u2019s GVA figures from 2024, that would put the loss at around $1.8 billion.<\/p>\n<p class=\"wp-block-paragraph\">The report covers the economic effects on Canada of the new 50-per-cent tariffs imposed earlier in August on roughly $28 billion worth of Canadian goods, targeting selected wood products, machinery, furniture, clothing, food, alcohol and consumer goods. Although U.S. importers pay the tariffs at the border, they hurt Canadian businesses\u2019 competitiveness by making their goods more expensive for American buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"An already sluggish Quebec economy is set to see \u201chardest\u201d hit to its industry of any province from&hellip;\n","protected":false},"author":2,"featured_media":876414,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-876413","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/876413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=876413"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/876413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/876414"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=876413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=876413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=876413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}