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The researchers said Saint John is the most vulnerable. It\u2019s home to the largest crude oil refinery in Canada \u2014 it can process over 320,000 barrels daily and more than 80 per cent of that oil is exported south of the border.<\/p>\n
The Chamber of Commerce report said seafood and forestry products are New Brunswick\u2019s other top exports to the U.S.<\/p>\n
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<\/p>\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1:56<\/time>New Brunswick hits back at U.S. tariffs<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\t\t<\/span>
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Calgary is the second most vulnerable city because it also exports crude oil and natural gas to the U.S., the researchers say. Beef is another one of its major exports that would be exposed in a trade war, the report said.<\/p>\n
The report said cities in Southwestern Ontario are exposed because they\u2019re home to Canada\u2019s automotive and parts manufacturing sector.<\/p>\n
The researchers concluded that Hamilton \u2014 home to Canada\u2019s steel industry \u2014 would take an economic hit, as would Saguenay and Trois-Rivi\u00e8res, home to Quebec\u2019s top aluminum and forestry producers.<\/p>\n
The report says the Saguenay-Lac-Saint-Jean region is responsible for about a third of Canada\u2019s aluminum production, and around 85 per cent of it is exported to the U.S.<\/p>\n
\u201cPresident Trump\u2019s proposed tariffs will have significant consequences for the global economy \u2014 but for some of Canada\u2019s cities, the threat is far more local and personal,\u201d said Stephen Tapp, chief economist at the Canadian Chamber of Commerce.<\/p>\n
\u201cWith this analysis, Canadians, businesses and policy makers have more evidence to inform ongoing discussions about how Canada can best respond to the monumental challenge brought by unnecessary and unjustified U.S. tariffs.\u201d<\/p>\n
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Some Canadian cities have less to fear from tariffs, the report said. They include cities on Canada\u2019s coasts, like Victoria and Halifax, that export more to Asia or Europe.<\/p>\n
The researchers say Sudbury, Ont., is also less vulnerable because its exports of nickel and copper are \u201creaching other international markets beyond the United States.\u201d<\/p>\n
\u201cThe looming tariff threat is still very real: we have to remain vigilant and brace for impact,\u201d said Candace Laing, president and CEO of the Canadian Chamber of Commerce.<\/p>\n
\u201cAlready we\u2019ve heard from members across Canada how the threat of tariffs is disrupting local businesses and economies. This new data further emphasizes that this is not a game we want to play when so many livelihoods depend on a stable relationship with the U.S.\u201d<\/p>\n
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