Tariffs on Oil Are a Major Problem for U.S. Refiners ...Middle East

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Tariffs on Oil Are a Major Problem for U.S. Refiners
source : OILPRICE ( Middle East ) () 64
Tariffs on imports from Canada and Mexico will further weaken the position of U.S. refiners who are already facing headwinds due to declining refining margins, Energy Aspects director of research Amrita Sen told Bloomberg on Monday. On Saturday, the U.S. Administration announced that additional tariffs would be implemented on Canada, Mexico, and China this week. Canada and Mexico face 25% tariffs, with Canadian energy slapped with a lower, 10%, tariff. The 10% tariff on Canadian oil imports doesn’t break U.S. refining, but it will…

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