Trump's proposed tariffs on Canadian oil raise concerns over U.S. fuel prices

U.S. president-elect Donald Trump has threatened to impose 25% tariffs on Canadian imports, including oil, which could disrupt trade and raise fuel prices in the U.S. The Canadian energy sector is concerned about the potential impact on production and costs. Canadian crude oil accounts for about half of U.S. imports, primarily serving Midwest refineries. Industry leaders warn that tariffs could lead to lower production in Canada and higher energy costs for American consumers. In response, Alberta's Premier Danielle Smith is advocating for stronger ties with the U.S. to mitigate tariff risks. She emphasizes that Alberta's energy exports are secure and aims to collaborate with U.S. officials to enhance energy security.