WASHINGTON — President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
WASHINGTON — President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
"Canada is uniquely vulnerable to market pressure posed by U.S. refineries given our lack of alternative egress," Johnston said during a panel for the Canadian Global Affairs Institute Wednesday. More than 77 per cent of Canadian exports go to the U.S. and trade comprises 60 per cent of Canada's gross domestic product. A significant proportion of that comes from oil and gas.
Johnston added there could be a situation where Canada sees a boon from Trump's tariffs. If the Republican leader puts those fees on all oil imports except Canada "that is actually a net good thing for Canadian exports." Fen Hampson, a professor of international affairs at Carleton University in Ottawa and co-chair of the Expert Group on Canada-U.S. Relations, said he’s not certain the Republican leader would be willing to give a tariff concession under Trudeau.
Robert Lighthizer, Trump's then-trade representative, recounted in his book that U.S.-Canada relations were "at their lowest ebb since the failed American invasion of Upper Canada during the War of 1812."
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Energy experts think Donald Trump will make tariff exemptions for Canadian oilWASHINGTON — President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
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Energy experts think Donald Trump will make tariff exemptions for Canadian oilWASHINGTON — President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
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Energy experts think Donald Trump will make tariff exemptions for Canadian oilWASHINGTON — President-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
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Energy experts think Donald Trump will make tariff exemptions for Canadian oilU.S. president-elect Donald Trump's promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
Read more »
Energy experts think Donald Trump will make tariff exemptions for Canadian oilPresident-elect Donald Trump’s promise to slap an across-the-board tariff of at least 10 per cent on all imports including from Canada is unlikely to apply to Canadian oil, energy experts are predicting.
Read more »