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"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.
With respect to energy prices, Parsons said his research showed that gas prices could rise by 70 cents as a result of the tariffs on Canadian crude oil, even with the carve out of a lower tariff ...
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.
President-elect Donald Trump's vow to raise tariffs could ... Chinese electric cars and microchips. Now, Trump has said he plans to impose a 60% tax on goods from China and a 10% to 20% levy on ...
The tariffs Trump imposed during his first four years in office did not drastically raise prices. However, Trump's first-term tariffs were not nearly as sweeping as the plan he is currently proposing.
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% ...
The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen. Tariffs on US ...