President-elect Trump plans 25% tariffs on oil from Canada, Mexico, potentially raising gas prices.

U.S. President-elect Donald Trump plans to impose 25% tariffs on oil imports from Canada and Mexico, which could raise gasoline prices for American consumers. Canada supplies nearly 4 million barrels of oil daily to the U.S., allowing the U.S. to export higher-value oil while meeting domestic demand. The tariffs, according to the Canadian Association of Petroleum Producers, would threaten North American energy security and result in higher energy costs.

4 months ago
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