The tariff on products imported from Canada will cost Americans 15 cents a gallon or more at the gas pump relatively soon. That’s not as much of a price hike as we could have seen.

President Donald Trump declared an economic emergency Saturday to place duties of 10% on all imports from China and 25% on imports from Mexico and Canada. Energy imported from Canada, including oil, natural gas and electricity,

Analyst Tom Kloza, with Oil Price Information Service based in Gaithersburg, Maryland, said that Michigan is among the states with gas prices most likely to be affected by the tariffs on Canada, but forecasts of 50-75 cents a gallon more were too high.

President Donald Trump's decision to implement a 10% tariff on Canadian energy starting Tuesday, in contrast to the announced 25% tariff on everything else from Canada, "will moderate the resulting increase in U.

While the tariffs on Mexico and Canada have been paused, there was still concern late Monday about what happens next month if the tariffs go ahead in a month.

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.

If there is any doubt that tariffs are passed through to consumers, the cost of propane to heat my house just went up by the amount of the tariff.”

Consumers should expect gas prices to increase as a result of President Donald Trump’s border tariffs on Canada, but it may not be as drastic as feared. As of Monday, Trump’s 25% levy on all goods from Canada,

The Trump administration’s plan to impose a 10 percent tariff on Canadian oil could lead to higher gasoline prices for U.S. consumers, particularly in regions that rely heavily on Canadian crude. The tariff,