Tariffs on Canadian oil and gas threaten severe pain for American consumers

Jump to contentAllNewsSportCultureLifestyleCanada holds significant energy leverage over its neighbor, supplying 20 percent of daily U.S. crude oil consumption and 99 percent of its natural gas imports (AFP via Getty Images)Experts warn that an escalating trade war over oil and gas tariffs between the United States and Canada could severely damage both nations' economies. Canada holds significant energy leverage over its neighbor, supplying 20 percent of daily U.S. crude oil consumption and 99 percent of its natural gas imports. Energy tariffs would likely drive fuel prices sky-high for American consumers, worsening the cost-of-living crisis ahead of midterm elections. Canadian leaders are divided on using energy levies as leverage, with some urging caution and others suggesting retaliatory measures to defend against U.S. duties. Analysts emphasize that disrupting the deeply integrated energy grid would inflict lasting damage on long-standing bilateral trade relations. In fullCanada hasn’t pulled the gas trigger in Trump’s trade war. What happens if it does?More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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