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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% ...
"However, with President Trump imposing tariffs on Canada and Mexico, some motorists may see gas prices inch up in certain regions." PHOTO: A view of an oil pump jack on the prairies near ...
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.
The tariffs will have broad-ranging effects on the stock and bond markets, with a variety of impacts. Here are some key impacts to the markets from Trump’s tariffs and why investors are right to ...
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 ...
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.
That seasonal price impact could add another 30 cents per gallon, putting the total increase in gasoline prices at $1 per gallon if the tariffs remain in place at the onset of spring, Fitzgerald said.
On Sunday, a Canadian energy company said its U.S. customers will see price hikes because of the tariffs. President Donald Trump signed executive orders Saturday to impose tariffs on America’s ...