Quebec Braces for Economic Fallout as US Tariffs Take Effect Overnight

The U.S.-Canada trade deal fell apart on Saturday morning after Canadian and American negotiators failed to finalize an agreement. The new tariffs, which took effect at 12:01 a.m. ET, impose a 50% tax on billions of dollars' worth of Canadian exports.

Quebec is expected to be one of the provinces hit hardest by the tariffs, with reactions pouring in from politicians and industry leaders. Premier Christine Frechette said her priority was protecting Quebec's economy, businesses, and workers, and she would meet with her cabinet to implement necessary measures.

Other leaders, including Éric Duhaime of the Conservative Party of Quebec and Yves-François Blanchet of the Bloc Québécois, expressed concerns about the impact on Quebec's economy. The Fédération des chambres de commerce du Québec (FCCQ) warned that 68% of businesses in the province were in favor of an agreement, even if it required concessions.

Canadian Prime Minister Justin Trudeau and U.S. President Donald Trump have both made statements on the issue. Quebec's Confédération des syndicats nationaux union will evaluate plans to assist affected businesses and workers.