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Analysts say Trump's threatened tariffs, if applied on oil, could raise prices at the pump in the US and hurt the Canadian economy In Canada’s oil-rich province of Alberta, there is a deep sense ...
The United States receives a significant portion of its crude oil from Canada, and tariffs on these imports could directly affect drivers, as the added costs would likely be passed down to consumers.
"Any tariffs on Canadian oil are going to increase pump prices given the dependence of much of the U.S. refining industry on Canadian crude," Johnston said. The cost of crude feedstock is the ...