Trump promised to lower gas prices. His tariffs could have the opposite effect.
President Donald Trump's plan to slap tariffs on Canada and Mexico as soon as February 1 threatens to undercut one of his key campaign promises: lowering prices at the pump. The US imports around 40% of the crude oil it refines into gas for your car and other vehicles.
Gas prices set to rise as Trump tariffs hit Canadian, Mexican oil
Tariffs on oil imports mean higher costs for making finished fuels like gasoline, much of which is likely to be passed along to U.S. consumers.
Gas, grocery prices likely to surge when Trump’s tariffs take effect Feb. 1
The Trump administration will impose 25% tariffs against neighboring countries Canada and Mexico beginning Saturday, the White House confirmed Friday.
Trump Tariffs Could Raise Gas Prices By 70 Cents Per Gallon
Just remember those "I did that" stickers are nothing more than a pain for the hourly workers behind the counter
US tariffs on Canada and Mexico begin Saturday—what it means for gas prices
President Donald Trump’s 25% tariffs on Canada and Mexico begin Saturday, but he hasn’t decided whether to include oil imports— a move that could affect gas prices despite his pledge to cut energy costs.
Why Trump is going to have a hard time lowering oil prices
"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.
Trump says he is planning oil and gas tariffs around Feb. 18
U.S. President Donald Trump said on Friday he expects his administration to impose tariffs related to oil and gas around Feb. 18 and it could lower levies on some Canadian crude. He did not name a specific country to which the new tariffs would apply or specify any more details about the plans.
Trump says he'll impose tariffs on oil and gas imports next month
President Trump on Friday said the U.S. will impose tariffs on oil and gas imports, likely next month, as well as tariffs on CHIP semiconductor technology and pharmaceuticals eventually. "Eventually,
Gas prices rose from last week: See how much here
Here's a look at how weekly regional gas prices changed in Lower Atlantic region last week compared with the week prior.
Gas, liquor, avocados, computers: A list of what you’ll probably pay more for with Trump’s new tariffs
Trump declared an economic emergency Saturday in order to place duties of 10% on all imports from China and 25% on imports ...
Here's what Trump's Mexico and Canada tariffs would mean for Wisconsin gas prices
The 25% tariffs could increase the price of Canadian crude oil from about $63 per barrel to $80, according to De Haan. The ...
Forbes2d
Today’s Gas Prices By State
Commissions do not affect our editors' opinions or evaluations. Today’s average price of gas in the U.S. is $3.11 per gallon, down $0.01 from yesterday, down $0.02 from last week and up $0.07 ...
EU removes energy crisis gas price cap
The gas price cap introduced by the European Union during its 2022 Russian gas crisis will expire on Friday, having not been ...
USA Today9d
Gas prices in Wisconsin have jumped 20 cents in the past month. Here's why
Between frigid weather and rising oil prices, gas prices in Wisconsin have jumped more than 20 cents in the past month.
Iowans react to potential tariff induced gas price hike
The Trump administration implemented tariffs on Canada, China, and Mexico Saturday which could impact the price of all types ...