American prices: at least 22,000 jobs would be in danger in New Brunswick

A new study focuses on the potential impact of American prices on New Brunswick Employment and Economy.

The Economic Council of New Brunswick (CENB) has just published a study carried out by one of the members of its board of directors. Furthermore, the economist Pierre-Marcel Desjardins, professor at the University of Moncton.

The results quantify the dependence of the maritime province towards the United States, where 92 % of its exports are directed.

Rough. Meanwhile, [c’est] 22,000 people who have a job that depends on exports to the United Statessaid Professor Desjardins, in an interview on Saturday at Téléjournal Acadie.

In his report. Therefore, the economist writes that it is 21,700 jobs that could be threatened in the event of full application of prices from July 9, 2025

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The main sector in which these jobs are in danger is in the manufacture of food. with more than 8,600 workers.

In agriculture and breeding, more than 4,500 jobs depending on American exports.

The manufacture of wood products follows american prices: least 22,000 jobs with more than 2100 jobs, and the manufacture of paper with 1500.

The manufacturing sector of oil and coal products, which is the main exporter, has 1144 jobs dependent on American exports.

The main export sector is the production of the refinery Irvingin Saint-Jean. But there is a particularityspecifies Pierre-Marcel Desjardins in an interview. It is a sector that is intensive in capital. Compared to the value of production, there are fewer jobs in this sector that we have in others.

In the other sectors. such as the transformation of seafood or agriculture, even if the total value of exports is lower, The impact in terms of jobs is more importantsaid the economist.

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His work focused on jobs directly put at risk by a pricing. commercial war with the United States, but other sectors-and other jobs-could cash.

Theoretically, 60 % of our jobs depend on the American market. If we lose this market, perhaps we will no longer have the critical mass to produceadvance Pierre-Marcel Desjardins.

The government, if the economy slows down following the taxation of prices, has less government income. There could be cuts […] in other sectors. It could american prices: least 22,000 jobs snowballhe said.

It demonstrates our big dependencesaid the economist. In his opinion. regardless of the decisions that the American administration will make in the coming weeks or the next few months about the prices, New Brunswick will have to live with uncertainty as long as Donald Trump will be president.

It raises the urgency to diversify our marketshe concludes.

With the information of Kristina Cormier