Tariffs Disrupt Oil Market, Increasing US Gas Prices

Reported about 11 hours ago

US President Trump has implemented tariffs on energy imports from Canada and Mexico, threatening to disrupt the North American oil market and potentially raising gasoline prices for US consumers. The 10% tariff on Canadian energy and 25% on products from Canada and Mexico could lead to reduced supply from these key suppliers. Canada plans to respond with 25% counter-tariffs on American goods. Both sides express concerns about the tariffs affecting refining profits and increasing costs for consumers.

Source: YAHOO

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