Tuesday, November 26, 2024
Oil producers balk at team Trump’s tariff plan for Canadian imports- oil and gas 360

Oil producers balk at team Trump’s tariff plan for Canadian imports

(Oil Price) – When Donald Trump floated the idea of slapping 25% tariffs on Canadian and Mexican imports, it was more than just a shot across the bow—it was a cannonball aimed squarely at North America’s deeply entwined trade ecosystem. U.S. oil producers are warning that a tariff on heavy oil imported from Canada would raise consumer prices at the pump.