Nova Scotia premier: Response 'necessary and appropriate', but it's not good for Canada or America

Watch on YouTube ↗  |  August 25, 2026 at 16:35  |  3:39  |  CNBC
Speakers
Tim Houston — Premier of Nova Scotia

Summary

Nova Scotia Premier Tim Houston discusses Canada's retaliatory tariffs on the U.S., calling the response necessary but economically damaging to both countries. He emphasizes the need to reduce emotional tension and return to negotiations. Houston also outlines Nova Scotia's push for energy self-sufficiency in natural gas, oil, and wind and plans to diversify exports, including critical minerals.

  • Canada matched U.S. tariffs dollar-for-dollar, and Houston calls the response necessary but not good for either country.
  • He stresses long-standing Canada-U.S. economic, family, military, and trading ties.
  • Houston wants de-escalation and a return to trade negotiations.
  • Nova Scotia plans to develop domestic natural gas, oil, and wind resources to reduce reliance on imported energy.
  • Nova Scotia is looking to diversify export markets beyond the U.S.
  • Critical minerals, seafood, and forestry are named as export opportunities.
Ideas
Tim Houston Premier of Nova Scotia 2:33
Nova Scotia pushes domestic energy development.
Nova Scotia will prioritize developing its domestic natural gas, oil, and wind resources because it imports too much natural gas and can no longer depend on certain partners, creating a policy shift toward Canadian energy self-sufficiency.
Tim Houston Premier of Nova Scotia 3:20
Critical minerals demand aids Nova Scotia exports.
Nova Scotia is diversifying its export markets and sees global demand for critical minerals, which the province has, as a way to reduce reliance on U.S. trade.
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