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Your guide for what American choices 2024 means for Washington and the world
Donald Trump said he was considering the exclusion of oil imports from the 25 -percent tariffs, which he threatened to impose Mexico and Canada, a sign that the US president could offer exemptions for key industries.
Trump The aforementioned tariffs on imports from the closest shopping partners in the United States will be imposed this weekend, adding that it will decide on the details on Thursday night, including potential exemptions.
“They send us oil – we’ll see,” Trump said, talking to journalists at the White House. “It depends on what the price is. If the oil is properly appreciated, if they treat us properly – what they don’t do.”
Despite being the world’s largest oil producer, many of the aging refineries are built in the country to carry more severe raw oil assessments, such as the type manufactured in Canadanot brighter classes found in Texas petroleum fields. Import limiting would risk stimulating American fuel prices.
In the first 10 months of 2024. Canada delivered more than 4 million barrels of raw oil daily in the US – more than 60 percent of the total US import. Mexico, the second largest supplier, sent more than 400 000 b/d.
Trump said that the tariff “may or may not grow over time.”
“We will announce the tariffs to Canada and Mexico for many reasons,” Trump told reporters.
“The number one is people who have poured out so terribly and so much into our country. The number two are Fentanil drugs and everything else that has entered the ground. The number three are huge subsidies we give Canada and Mexico in the form of a deficit,” he said.
The reduction of prices at the pump was the central part of Trump’s campaign to reduce inflation for Americans. Canadian producers they warned In recent months, the tariffs have risk increasing US fuel prices.
AND report Published this month by the US Congress Research Service, she found that “consumer prices of gasoline, diesel fuel and other oil products across the country could be influenced by the raw oil import tariffs, especially in regions that rely on imports from Canada.”
Trump was the first to threaten to impose a 25 percent imported tariff from Canada and Mexico shortly after winning the election in November, accusing the countries of allowing illegal migration and drug trade.
He also threatened to charge an additional 10 percent of tariffs on Chinese goods, as he criticized Beijing for not being able to follow the promises to pronounce a death sentence for people dealing with fentanil, a deadly synthetic opioid.
