St. John’s, N.L. (November 27, 2024) – Tony Wakeham, Leader of the Progressive Conservative Party of Newfoundland and Labrador and MHA for Stephenville-Port au Port, is calling on the federal and provincial Liberal governments to vigorously defend Newfoundland and Labrador’s economy in light of the proposed 25 per cent U.S. tariff on Canadian goods, a move that would have devastating consequences for the province.

"The proposed 25 per cent tariff is a direct attack on workers, families, and our small businesses," said Wakeham.

"Newfoundland and Labrador depends heavily on trade with the United States, with over two-thirds of our seafood exports, half of our manufacturing exports, and nearly 43 per cent of our oil and gas exports destined for U.S. markets. These tariffs would drive up costs, threaten jobs, and destabilize industries that are the backbone of our economy."

Wakeham emphasized the importance of the fishery, which he described as the lifeblood of rural Newfoundland and Labrador. "Our fishery sustains thousands of families in communities across the province. These tariffs would jeopardize our seafood industry as well as the way of life for people who rely on it. Ottawa must prioritize defending this vital sector.”

Wakeham also pointed to other key industries such as petroleum production, manufacturing, and lumber, warning of widespread economic harm if the tariffs are implemented.

"This isn’t just about trade statistics. It’s about real people, our communities, and key sectors that make up the fabric of Newfoundland and Labrador. The proposed tariff would have a crushing impact on them all."

Wakeham stressed that immediate and decisive action must be taken to resolve the tariff threat from the United States.

"We cannot afford to sit idly by while our province faces such an economic threat. I strongly urge both the federal and provincial Liberals to step up and show leadership in defending our industries and our people. Newfoundland and Labrador’s priorities must be front and center in these discussions," concluded Wakeham.