A proposed Trump tariff on Canadian oil could significantly raise fuel prices for Americans and disrupt decades of oil trade with the United States’ largest crude supplier. With nearly two-thirds of U.S. crude oil imports coming from Canada, analysts warn that implementing such tariffs could drive gasoline prices up by an average of 30 cents per gallon within days of enforcement. If the president-elect does impose the tariffs, it would violate a clause in the United States-Mexico-Canada Agreement (USMCA), which
