US oil and gas groups express concerns over Trump's proposed tariffs on Canada and Mexico

U.S. oil and gas lobbying groups expressed concern on Tuesday about President-elect Donald Trump's proposed tariffs on imports from Canada and Mexico. They warned that such tariffs could raise costs for consumers and disrupt the energy industry. Trump plans to impose a 25% tariff until Canada and Mexico address drug trafficking and immigration issues. This move could violate existing free-trade agreements and impact the supply of oil and gas. Industry representatives emphasized the importance of maintaining trade with Canada and Mexico, which are key energy partners. They argue that tariffs could harm U.S. energy security and consumer prices.