Kirk LaPointe: B.C. budget can't dodge economic beating as tariffs land heavy punches
Well, woe is us, eh?
We went to war, of sorts, overnight. And with our best customer, no less, because its best customer, us, was being treated like a pariah state. We will wreck each other’s economy now, with perverse jubilation.
Lost, really lost, in the Tuesday tariff tumult was an annual event normally the centre of our attention. It was not the focal point this time, so let’s shed some light. Some, but not much, because what we got is not what we will get.
The BC NDP provincial budget is hard to put in proper context, so swamped were its highlights Tuesday by the imposition of U.S. tariffs (25 per cent generally, 10 per cent on energy), the retaliatory Canadian tariffs ($30 billion today, much more later), not to mention the latest on the federal Liberal leadership race ending Sunday, and the anticipation of an election as early as next month.
So uncertain is B.C.’s plan, it is barely worth the pixels, because so uncertain is the guy behind the desk in the Oval Office. The budget document would have been better four weeks ago to set the fiscal framework when we knew tariffs were coming, or four........
© Times Colonist
