"The 25% levy on all products from Canada proposed by Trump would likely raise the price of fuels in the US, said Daan Struyven. Tariffs could lead to significant consequences for US consumers, refiners, and Canadian producers."
"Given the focus from Trump to lower energy costs, we think Canada tariffs are somewhat unlikely, suggesting a potential for negotiation rather than implementation of such levies."
"The US imports almost 4 million barrels of Canadian crude a day, allowing American producers to export more of their own oil, which would be jeopardized by tariffs."
"The chief executive officer of the Canadian Association of Petroleum Producers stated that tariffs would result in higher gasoline and energy costs for US consumers, highlighting potential price increases."
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