Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
It Is Happening Every Day, Every Where
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.
The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, which together account for more than a third of U.S. trade
The president wants to begin renegotiating a U.S. trade deal with Canada and Mexico earlier than a scheduled 2026 review, people familiar with his thinking said.
The president said the planned duties were a response to China’s failure to curb fentanyl exports.
While much about the threatened tariffs is still unclear, experts predict they would be bad news for all three economies, with few winners.
President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.”
President Trump made major policy moves immediately after taking office, withdrawing from major international agreements, promising steep tariffs and pardoning nearly all of the Jan. 6 rioters.
The president’s executive action on trade will keep all possibilities on the table, including eventual tariffs against China, Canada and Mexico.
But economic, political and technological changes have left Canada with few ways to handle trade restrictions now.
The president-elect’s vow to impose 25 percent duties on Canadian imports could ravage Canada’s auto industry and decimate Windsor, a city deeply tied to the U.S.