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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 ...
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 ...
But the more sweeping Trump's tariffs are, the more goods Canada could tax in response. Canada and Mexico face 25% tariffs on Saturday, Trump says Not all of Canada is on board with dollar-for ...
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% ...
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.
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 ...
Tariffs are a tax imposed on goods that the U.S. imports from other nations. President Donald Trump said the U.S. would impose sweeping tariffs on imports from Mexico, Canada and China, but last ...
Trump also mentioned his intent to impose tariffs on Canada and Mexico starting Feb. 1, sparking concerns of a trade war that could impact economic growth and, as a result, oil consumption.