FREDERICTON — A $50-million contingency fund to deal with U.S. tariff threats has caused New Brunswick’s projected deficit for the coming fiscal year to balloon to nearly $600 million.

Finance Minister Rene Legacy says the “daily pivoting in direction on tariffs” from U.S. President Donald Trump makes the contingency fund necessary.

The provincial Liberal government’s first budget since winning election in October comes in the midst of a trade war with the United States and the threat of a sweeping 25 per cent tariff on goods from Canada.

Provincial Liberal government’s first budget since winning election in October comes in midst of trade war with United States{ai:summary}New Brunswick's projected deficit for the upcoming fiscal year has surged to nearly $600 million, largely due to a $50-million contingency fund established to address potential U.S. tariff threats. Finance Minister Rene Legacy cites the unpredictable tariff changes from President Trump as a key reason for this financial strategy.This budget marks the provincial Liberal government's first since their election in October, occurring amid ongoing trade tensions with the United States, including the looming threat of a 25% tariff on Canadian goods. #economy

New Brunswick forecasts $599M deficit as Trump tariff threat looms

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