Reported about 4 hours ago
Goldman Sachs has highlighted that President-elect Donald Trump's proposed 25% tariffs on Canadian products could lead to significant consequences for US consumers, including higher fuel prices. The bank's commodities research head, Daan Struyven, expressed skepticism about the plan's implementation, suggesting it may serve as a negotiating tool reminiscent of Trump's previous term. The tariffs could negatively affect US consumers, refiners, and Canadian producers, especially given the US's dependency on Canadian crude oil imports.
Source: YAHOO