Trump May Exclude Oil From Canada and Mexico Tariffs
Friday, 31 January 2025 () President Donald Trump may exclude crude oil from the tariff shock he is preparing to deliver to Canada and Mexico this Sunday. The tariffs are Trump’s way to strong-arm the U.S. neighbors into stemming the flow of fentanyl into the country. “They send us oil — we’ll see,” Trump told media on Thursday evening, as quoted by the Financial Times. “It depends on what the price is. If the oil is properly priced, if they treat us properly — which they don’t.” In separate comments earlier in the week,…
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Washington (AFP) Jan 31, 2025
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Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico. NYTimes.com