Reported 2 days ago
The U.S. heavily depends on Canadian crude oil, with over 50% of its imports coming from Canada. However, this relationship is at risk due to President-elect Donald Trump's proposed tariffs, which could raise energy costs and trigger inflation. Canadian officials are evaluating their response, while the potential for reciprocal trade measures looms. Despite the U.S. becoming the world's top crude producer, it still requires significant imports, particularly of heavier crude that Canada supplies.
Source: YAHOO