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On January 31, 2025, the U.S. announced a 25% tariff on imports from Canada and Mexico, with the exception of 10% on Canadian crude oil and energy imports, and a 10% tariff on imports from China. [ 30 ] [ 31 ] [ 32 ] The next day, Trump signed executive orders imposing the tariffs, effective February 4, 2025, under the International Emergency ...
Shortly after the tariffs went into effect, China's finance ministry announced it would start imposing targeted tariffs of 15% for U.S. coal and 10% for crude oil, farm equipment and some cars.
The AFL–CIO, the largest labor union in the U.S., praised Trump for the tariffs, as did Democratic Ohio Senator Sherrod Brown, who said the action would be a boon for "steel plants across Ohio". Many congressional Republicans expressed fear that the tariffs might damage the economy or lead to retaliatory tariffs from other countries.
Under Mr Trump’s plans, there will be an additional 25 per cent tariff on imports from Canada, with a lower 10 per cent levy on oil, natural gas, electricity and other energy products.
An exception was made for Canadian energy, including natural gas and oil. Tariffs on energy imports from Canada were set at a lower rate of 10%, a White House official said, to minimize the ...
Energy products from Canada will have only a 10% du. U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive ...
The tariff on Canadian energy products is only 10%, not the 25% tariff announced on other Canadian exports. That’ll limit the impact on gasoline prices, said Tom Kloza, global head of energy ...
Trump had initially planned a 25% tariff on all goods from Canada and Mexico but cut the Canadian oil tariff in an effort to ease the impact on energy prices, the officials said.