Canada's primary export to the U.S. is oil. The U.S. operates oil refineries that process this oil to produce gasoline for the domestic market. A tariff on Canadian oil would immediately impact gasoline prices within the U.S.
Gasoline prices in the U.S. will rise if tariffs on Canadian oil are imposed.
Expected
June 30, 2025
#USA
#Canada
#Oil
#Economy
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