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Trump said that on his first day in office, he would place 25 percent tariffs on all Canadian and Mexican goods. The two countries are the leading sources of U.S. oil imports.
Another factor is the time of year. Gas prices are typically near a low for the year in February due to weak demand. If the tariffs stay in place through summer, the impact will be greater, he said.
Sen. Mark Warner, D-Va., claimed Trump's tariffs "could cost a typical family $1,200 per year," while Rep. Jamie Raskin, D-Md., said that "President Trump owns the economic and national security ...
U.S. consumers will see higher prices at the gas pump from President Donald Trump's decision on Saturday to apply tariffs on Canadian and Mexican oil, according to analysts and fuel traders. The ...
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% ...
On Feb. 1, President Donald Trump signed an executive order that could impose steep new tariffs — 25% on imports from Canada and Mexico, as well as 10% on goods from China — citing the need to ...
(The Center Square) – President Donald Trump has promised to lower prices and open up domestic energy production, but his recent tariff threats have raised the question: can Trump really lower ...
President Donald Trump’s tariffs on Canada include a 10% duty on energy products, which are consumed by many Americans in northern states. On Sunday, a Canadian energy company said its U.S ...