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Alberta awaits details as U.S. now promises reduced 10 per cent tariff on oil

  • U.S. President Donald Trump plans to impose a 10 percent tariff on Canadian oil, a reduction from the previously announced 25 percent, which is set to begin in mid-February.
  • Premier Danielle Smith has urged the Canadian government to appoint a border czar to address Trump's concerns about border security and trade deficits.
  • Experts warn that the proposed tariff could negatively impact both the Canadian oil industry and American consumers, despite being less severe than the initial 25 percent tariff.
  • The Calgary Chamber of Commerce's Deborah Yedlin stated that the uncertainty surrounding these tariffs could have far-reaching effects on the business community.
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