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Here’s how much gas could cost you if Trump’s threatened tariffs go through - MarketWatch

1. Trump threatens 25% tariffs on Canadian oil, affecting U.S. gasoline prices. 2. The U.S. imports 52% of its oil from Canada, making tariffs impactful. 3. Tariffs could lead to inflation, increasing consumer fuel prices significantly. 4. Heavy crude from Canada is crucial for U.S. refining infrastructure. 5. Tariffs may contradict efforts to lower energy costs, causing market volatility.

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FAQ

Why Very Bullish?

Tariffs will likely increase fuel costs, benefiting alternative energy sectors historically.

How important is it?

Tariffs on oil imports directly influence gasoline prices affecting consumer behavior.

Why Short Term?

Price increases will be felt quickly at the pump, impacting immediate consumer spending.

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