Energy Trade Groups Fret over North American Tariffs

February 4, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Fossil fuel groups that were supportive of a more intense upstream agenda frowned at the prospects of disruptions to the North American supply chain triggered by tariffs imposed by U.S. President Donald Trump. Trump, who campaigned on lowering consumer prices, acknowledged during the weekend there would be some economic pressures resulting from any tariffs on top trading partners Canada and Mexico. Those countries represent the No. 1 and No. 2 crude oil exporters to the United States, with Canada accounting for about 60% of total exports.