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Trump promised tariffs on chips, and said oil and gas tariffs are likely by Feb 18. The White House said Trump on Saturday will implement tariffs of 25% on Canadian and Mexican imports and 10% on ...
Trump's originally proposed 10% tariff on Canadian oil, which Skordeles said equates to a roughly 16 cent increase per gallon, could eventually raise the price of almost everything as companies ...
Oil and gas prices jumped on Monday after Trump imposed tariffs over the weekend. The tariffs, which will take effect on Feb. 4, include a 25% levy on most goods from Mexico and Canada, with a 10% ...
Canada provides about 20% of the oil used in the U.S., which means that a 25% tariff on Canadian imports could add 30 to 40 cents a gallon at the pump within days of the new duties taking effect ...
Tariffs act much like a sales tax, say economists, so that Americans end up paying higher prices if they want to continue purchasing imported goods from countries subject to the tariff. The U.S ...
Gas, food and alcohol prices would also rise if Trump imposed Canadian and Mexican tariffs. Sneaker prices would rise if Trump raised tariffs on China: About 99% of shoes sold in the United States ...
“We’re going to put tariffs on oil and gas. That’ll happen fairly soon. Think around the 18th of February and we’re going to put a lot of tariffs on steel,” Trump teased from the White ...
Though not all oil imports are subject to tariffs, prices are already beginning to climb. U.S. West Texas Intermediate crude futures surged $2.19 (3%) on Monday morning to $74.72, ...