Canada’s Oil Industry Roils from Trump’s Tariff Threat - Canada’s oil industry has been disconcerted and confused after US president-elect Donald Trump vowed to slap a new 25% tariff on all US imports from Mexico and Canada on January 20, 2025, his first day in office. - Canada happens to be the largest crude supplier to the US markets, with Canadian flows further boosted this year by TMX flows moving to PADD 5 refiners, climbing to 4.3 million b/d lately. - Oil and gas supplies from Canada were previously excluded from tariffs…
