Chart of the Week: Honey exports  

U.S. tariffs and Canadian counter-tariffs are expected to have a negative, but not catastrophic, impact on Canada’s and Alberta’s GDP growth (assuming the trade war does not get even worse). The impact is, however, potentially devastating to the businesses that are dealing with the specific tariffs.

Alberta’s honey producers fall into this category. Out of total international exports of $11.6 million last year, $5.3 million (46%) went to U.S. customers. These numbers are a small slice of Alberta’s $178.6 billion-international export pie, but they are very important to honey producers who now face a 50% U.S. tariff. They can try to sell more to Japan and other non-U.S. buyers, but that may not be easy. The same goes for selling more here in Canada.