Canada’s Oil Patch Warns Trump’s Tariffs Would Raise US Gasoline Prices
- Industry also uses threat as a chance to criticize Trudeau
- Alberta premier says Trudeau should work with Trump on border
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Canada’s oil industry stressed the economic and security benefits of its exports to the US, while also using President Elect Donald Trump’s threat to impose tariffs on the country’s goods as a chance to criticize Prime Minister Justin Trudeau.
The US imports almost 4 million barrels of relatively cheap Canadian crude a day, an arrangement that allows the US to export an even greater amount of its own higher-value oil while still meeting domestic demand. For Canada, energy products have accounted for about a third of its exports to the US in recent years, the largest single category.