Chicago area lumber, gas prices could spike if President Trump's tariffs go ahead
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.
Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
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.
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 refineries that serve Wisconsin rely primarily on Canadian crude oil, so within a few days of the tariffs kicking in, prices at the pump could rise between 20 and 50 cents a gallon.
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.
Price check: What President Trump has done to lower costs so far
President Trump promised to lower prices starting on day one. Here’s what his administration has done so far and what it means for
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 the price of gas, coffee could increase if Trump imposes tariffs on Colombian imports
President Donald Trump has threatened tariffs against Colombia amid a deportation fight. Here's a look at what could see price increases.
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About a month into 2025, are significant price drops on the horizon?
We are just over a month into 2025, and less than three weeks into President Donald Trump's second term. Are the prices for ...
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How will tariffs affect grocery prices, gas prices, the stock market and more
President Donald Trump’s new tariffs on imports from Canada and China will go into effect on Tuesday, while the planned ...
Expert: Michigan among states most at risk for gas price hike due to tariffs on Canada
Analyst Tom Kloza, with Oil Price Information Service based in Gaithersburg, Maryland, said that Michigan is among the states ...
How Trump's tariffs could affect Kroger, P&G and GE Aerospace
President Donald Trump's move to impose or threaten massive tariffs against China, Mexico, Canada and the European Union ...