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Donald Trump said he is considering excluding oil imports from the 25 percent definitions he threatened to impose on Mexico and Canada, in a sign that the American President may provide exemptions for decisive industries.
Trump The aforementioned customs tariffs will be imposed on imports from the closest commercial partners of the United States this week, adding that he will decide the details, including possible exemptions on Thursday evening.
“They send us oil – we will see,” Trump said, talking to the White House journalists. “This depends on what the price is. If the oil is priced properly, if it treats us properly – which it does not do.”
Although the United States is the largest oil producer in the world, many of the country's aging refiner CanadaInstead of the lighter degrees in Texas oil fields. Restricting imports would risk raising US fuel prices.
In the first ten months of 2024, Canada has shipped more than 4 million barrels of crude daily for the United States – more than 60 percent of the total American imports. Mexico, the second largest supplier, sent more than 400,000 barrels/d.
Trump said that the customs tariff “may rise or not rise over time.”
“We will announce the customs tariff for Canada and Mexico for several reasons,” Trump told reporters.
“The number one is the people who poured into our country terribly and a lot. The second number are fentanel and everything else came to the country. The third number is the huge subsidies that we provide to Canada and Mexico in the form of a deficit.”
The price reduction in the pump was an essential part of the Trump campaign to reduce the inflation of Americans. Canadian producers I warn In recent months, the customs tariff has risk paying fuel prices in the United States.
A a report The American Congress Research service has found this month that “consumer prices for gasoline, diesel fuel and other petroleum products throughout the country can be affected by the definitions of importing crude oil, especially in areas most dependent on imports from Canada.”
Trump first threatened to impose a 25 percent tariff on all imports from Canada and Mexico shortly after winning the elections in November, accusing our country for illegal deportation and drug trafficking.
He also threatened to impose an additional tariff of 10 percent on Chinese goods, as Beijing criticized his failure to follow up promises to impose the death penalty for people who deal with fentanel, which is fatal artificial phonets.
