The U.S.-Mexican energy partnership helps explains why approving the USMCA deal is such an urgent priority. Unfortunately, the Trump administration has announced plans to impose a 5% tax on all goods imported from Mexico and these tariffs would potentially rise to 25% by October. A Mexican retaliation is a direct threat to the U.S. oil and gas business For example, Mexico has been the largest buyer of piped gas (taking in twice what Canada takes) and is the second buyer for our burgeoning LNG business. Mexico also accounts for 60% of our gasoline exports and 20% of our diesel sales. In 2018, Mexico imported around ... (full story)