This is why Trump’s Canada-Mexico tariffs threaten a spike in gasoline prices - MarketWatch
1. U.S. oil imports from Canada may face 25% tariffs soon. 2. Canadian oil constitutes 60% of U.S. crude imports, critical for refineries. 3. Tariffs might disrupt the stable oil supply relationship between the U.S. and Canada. 4. BP’s refineries significantly rely on imported crude oil; any cost increase impacts earnings. 5. Potential regional price increases in the Midwest could affect BP's operations.