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Home Business

How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries

11 February 2025
in Business
How Trump’s Canadian Oil Tariff Would Hit U.S. Refineries
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The largest Midwest refinery faces a tough choice if Trump imposes tariffs on Canadian oil: pay more for crude or cut production, potentially raising gas prices. The refinery in Indiana relies heavily on Canadian heavy crude, essential for fuel production. Trump’s aim for energy independence may not be feasible, as US refineries need a mix of oils, making trade ties hard to undo.

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Tags: CanadianhitoilrefineriestariffTrumpsU.S
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