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