“Justin Sibbet of Global News reports that Alberta’s economy could face a downturn if tariffs are imposed. However, there might be a silver lining at the local economic level.

According to one expert, this situation can be viewed as an opportunity rather than a crisis. Trevor Lewington, CEO of Economic Development Lethbridge, suggests that this could be a chance to support local businesses and services. “Never waste a good crisis. This is an opportunity for us to reacquaint ourselves with local companies, local products, local services,” Lewington said.

The hope is that consumers may start to rely on local businesses more in the long run if they begin to avoid U.S.-made products due to tariffs.

Justin Sibbet further discusses how the ongoing tariff threat could potentially open up a whole new market for Canada in the accompanying video.

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This article is relevant for those interested in economic trends and investment opportunities but it is not primarily intended for this audience. It emphasizes supporting local businesses and the potential economic shift in Canada due to tariff threats.