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Trump's 25% tariffs against Canada and Mexico kept at bay for a month. What's it mean for energy?

Summary by The Business Journals

The 25% tariffs against Canada and Mexico have been put on pause for a month, but if they come back, Houston's oil industry could be impacted.

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Donald Trump’s Tariff War Against Canada

Canada and the United States walked back from the brink of a full-blown trade war after US President Donald Trump threatened to impose 25% tariffs on American companies and individuals that import goods from Canada. While Trump has granted Canada a temporary 30-day “pause” on his threatened trade war, if he makes good on his threats, Canada’s economy could be facing an apocalyptic scenario with food and gas prices skyrocketing, hundreds of thous…

17 days ago·Canada

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The Business Journals

Trump's 25% tariffs against Canada and Mexico kept at bay for a month. What's it mean for energy?

The 25% tariffs against Canada and Mexico have been put on pause for a month, but if they come back, Houston's oil industry could be impacted.

18 days ago·United States

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News Dakota

Trump Pauses Tariffs on Canada and Mexico

(NAFB.com) – Leaders from Mexico and Canada said President Donald Trump stepped back from his threat to impose tariffs on its North American neighbors. However, tariffs on China were still set to take effect. The tariffs were part of a demand from U.S. President Trump that Canada and Mexico crack down on illegal immigration and drug smuggling. Reuters says Trudeau committed to deploying new technology and personnel along the U.S. border to stop …

18 days ago

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The Washington Post

Did Trump’s tariff threat lead to real concessions?

On Friday, President Donald Trump assured that his promise of 25% tariffs on goods from Canada and Mexico was ironclad. When asked if the countries could do...

19 days ago

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Finshots

Why Trump sent Canada and Mexico into a tariff panic

In today’s Finshots, we tell you about the real reason Trump sent Canada and Mexico into a tariff frenzy.The StoryOn February 1, 2025, US President Donald Trump issued three executive orders to impose tariffs on Canada, Mexico and China. A 25% tariff on all goods imported from Mexico and Canada and a 10% tariff on all imports from China. But before we get ahead of ourselves, let’s understand tariffs a little better. Tariffs are taxes placed on g…

19 days ago

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