(Reuters) -U.S. President-elect Donald Trump's plan to impose 25% tariffs on Canadian and Mexican imports in his first day in office does not exempt crude oil from the trade penalties, two sources familiar with the plan told Reuters on Tuesday. Trump's tariff threats are broad and include oil imports, the two sources said, both adding that Trump often takes an aggressive posture at the beginning of negotiations. The U.S. refining industry was hoping Trump would exempt oil imports over concerns that they would lead to the type of energy price spikes the former president vowed to eliminate when he took the White House.
While I am kind of looking forward to the 💩show in Alberta over this, I just read that the USMCA forbids tarrifs on member countries. So, thanks to Drumpf, he legally cannot impose tarrifs on Canada or Mexico.
@RandAlThor
While I am kind of looking forward to the 💩show in Alberta over this, I just read that the USMCA forbids tarrifs on member countries. So, thanks to Drumpf, he legally cannot impose tarrifs on Canada or Mexico.
The guy has 34 felony counts on him, as is. What’s one more legal violation, at this point?
But can he illegally impose them?
Maybe. Will he actually do anything he’s talked about? Unlikely.