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What are the US options if Canadian oil imports stop?
The oil market has been in the spotlight over the past few days due to the US President Donald Trump’s tariff narrative. Over the weekend, Trump had announced that a 25% import tariff on goods from Canada and Mexico and a 10% import tariff on goods from China would go into effect on Tuesday. However, Trump suspended the tariffs against Canada and Mexico for a month after both countries agreed to take action to reduce drug trafficking across the US border. A reduced tariff rate of 10% was to apply to energy imports from Canada. “This is probably due to the fact that Canada is by far the US’s most important oil ... (full story)
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- Posted: Feb 5, 2025 12:21pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 71