Tariff plans could drive up gas prices in Great Lakes region, expert warns
Donald Trump announced a plan to impose a 25% tariff on products from Canada and Mexico, which could significantly raise gas prices in the Great Lakes, Midwest, and Rockies. An expert highlighted that these regions rely heavily on Canadian oil. The U.S. imports about 3.6 million barrels of crude oil daily from Canada, with most going to the Midwest and Great Lakes. This reliance has increased over the years, with Canadian oil making up 60% of U.S. imports in 2023. In response to Trump's announcement, Canadian officials emphasized the strong trade relationship with the U.S. Trump also proposed additional tariffs on China, aiming to address drug trafficking issues.