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Trump says oil ‘may or may not’ be included in Feb. 1 tariffs

  • U.S. President Donald Trump will decide whether to include oil in tariffs on Canada and Mexico, with a 25 percent levy on imports set to start on February 1.
  • Canada and Mexico provided over 71 percent of U.S. Crude oil imports in 2023, with nearly 60 percent from Canada, according to a congressional report.
  • Trump has accused Canada and Mexico of failing to address illegal immigration and drug trafficking, raising tensions with Ottawa about statehood.
  • He indicated the decision on oil tariffs depends on pricing and treatment from Canada and Mexico, stating, 'We'll see, it depends on what their price is.
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  • 42% of the sources are Center
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