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Tariffs are a tax imposed on goods that the U.S. imports from other nations. President-elect Donald Trump has shown a penchant for tariffs in his economic policy agenda. In his first term, he ...
The American Petroleum Institute, which represents Big Oil and natural gas companies, said in a statement that it wanted to be fully left out of the tariffs. It noted fuel prices would rise on the ...
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.
Trump said that on his first day in office, he would place 25 percent tariffs on all Canadian and Mexican goods. The two countries are the leading sources of U.S. oil imports.
While no tariffs were officially imposed on January 20, Trump announced during his inauguration speech that he plans to create the External Revenue Service, which would collect tariffs, duties ...
The Trump tariff plan is an extreme exercise in self-inflicted economic damage, magnifying the harm from Trump’s earlier tariffs across thousands of traded goods and all U.S. trading partners.
“If Trump does move ahead with tariffs, it would essentially boost the price of oil that these refineries are paying by 25%, which in this case today, would amount to about $15 a barrel,” he said.
President-elect Donald Trump's promise to levy strict tariffs ... American shoppers can expect to pay more on everything from shoes — per CNN, 99% of all shoes in the U.S. are imported — toys ...