U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security. Canada and Mexico are the top sources of U.S. crude oil imports, together accounting for around a quarter of the oil U.S. refiners process into fuels like gasoline and heating oil, according to the U.S. Department of Energy.
Pretty much every car built anywhere in North America has parts from at least 2 of the 3 countries, not to mention China. Sometimes parts end up going across the border multiple times before they end up as a fully assembled car.
Pretty much every car built anywhere in North America has parts from at least 2 of the 3 countries, not to mention China. Sometimes parts end up going across the border multiple times before they end up as a fully assembled car.