Trump tariffs could upend oil flows
Potential tariff hikes against Canada and Mexico may hurt US refiners and change supply dynamics in global oil trade reshuffle
US President-elect Donald Trump has indicated a potential imposition of a 25% tariff on all imports from Canada and Mexico upon taking office, associating this measure with the rising influx of narcotics and migrants. Amid the outcry from the two US neighbours, Trump will be listening to the concerns from closer to home: US refiners and the oil-dependent industries. Present trade relationships are governed by the US-Mexico-Canada Agreement, which replaced the North American Free Trade Agreement. As the tariff proposal was disclosed approximately two months before its implementation, both governments will have the opportunity to respond and potentially engage in negotiations for an alternativ
Also in this section
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
