Trump tariffs-led spike in energy prices is temporary, oil prices could ‘plummet' as global growth slows
1. President Trump implemented tariffs affecting Canadian and Mexican oil imports. 2. U.S. oil imports from Canada hit a record high of 4.3 million barrels. 3. Tariffs may lead to temporary price spike, followed by potential oil price drop. 4. Canada's crude oil may see $3-$4 discount due to tariffs. 5. Global GDP impact expected from trade responses, potentially lowering oil demand.