Politics
CROSS-SPECTRUM
Potential U.S.-Canada Oil and Gas Tariffs Could Spike American Fuel Prices
Experts warn that imposing tariffs on Canadian oil and gas would sharply raise fuel costs for U.S. consumers.
Analysts say a trade dispute over energy duties between the United States and Canada could push gasoline and heating prices higher, deepening the cost-of-living squeeze ahead of the midterm elections. Canada supplies about 20 % of U.S. crude and virtually all natural-gas imports, giving it leverage. Canadian officials are split on whether to use tariffs as retaliation or to avoid escalation. Disrupting the integrated energy market would damage long-standing bilateral trade ties.
Why it matters
Higher fuel costs would hit U.S. households and strain the U.S.-Canada economic partnership.
In this story
tariffsCanadian oilgasfuel pricescost of livingmidterm electionsenergy tradebilateral relations
