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Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief

1. Canada threatens retaliation against potential US tariffs impacting energy exports. 2. Trump's proposed tariffs could raise prices in the US significantly. 3. Canada bought 70% of its military hardware from the US, indicating strong trade ties. 4. Canada looks to diversify trade partnerships globally to reduce reliance on the US. 5. Past tariff conflicts between the US and Canada suggest possible economic repercussions.

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FAQ

Why Bearish?

Potential tariff implementations could reduce demand for BNO, impacting prices negatively.

How important is it?

The article discusses tariff threats that could directly influence oil prices affecting BNO.

Why Short Term?

Immediate trade tensions could influence BNO prices within the coming months.

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