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What do steel tariffs mean for the oil industry in the US ....Trump retaliation to Doug Ford
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What do steel tariffs mean for the oil industry in the US ....Trump retaliation to Doug Ford

Tracy (Chi)'s avatar
Tracy (Chi)
Mar 11, 2025
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What do steel tariffs mean for the oil industry in the US ....Trump retaliation to Doug Ford
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Ontario Premier Doug Ford announced 25% tariffs on energy exports to the US March 10th, 2025

Trump found out later that evening it seems

In response…Trump says he will be raising Canadian tariffs on aluminium and steel to 50%

The US imports approximately 27% of its steel from Canada

SO WHAT DOES THIS MEAN FOR THE OIL INDUSTRY AND WHAT SECTOR OF THE INDUSTRY WILL BE HIT THE HARDEST?

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