Canada's oil industry braces for potential tariffs from Trump administration

Canada's oil industry is concerned about President-elect Donald Trump's plan to impose a 25% tariff on Canadian goods, which could include oil and gas. Analysts warn this could harm Canada's economy and raise fuel prices in the U.S. Canadian leaders and energy experts are urging action to prevent the tariffs, which could lead to reduced oil production and job losses in Alberta. The U.S. relies heavily on Canadian crude, especially in regions lacking sufficient domestic supply. Prime Minister Justin Trudeau is working with provincial leaders to address the situation. They aim to present a united front to negotiate with the incoming Trump administration and avoid the proposed tariffs.