Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices

• Canada warns Trump’s tariffs could leave US reliant on Venezuela’s oil

  Foreign minister Mélanie Joly holds meetings in Washington in attempt to avert trade war
  
  Financial Times - 9h

• Oil prices on track for weekly declines as traders await Trump tariff decision

  Oil futures ticked lower Friday and were on track for weekly losses as traders awaited a decision by President Donald Trump on tariffs on imports from Canada and Mexico.
  
  MarketWatch - 1h

• Trump tariffs could raise prices on technology like laptops, smartphones and AI

  Trade groups and consultants warn that trade wars spurred by Trump's tariffs could slow global commerce and raise prices for consumers.
  
  CNBC - 4d

• How President Trump's potential tariffs could impact car prices

  President Trump spoke at the World Economic Forum on Thursday about tariffs, which could drive up car costs. With higher prices on new cars, used ones could also spike due to demand. CBS News ...
  
  CBS News - Jan. 24

• Trump’s early moves could actually increase drug prices for seniors

  Perhaps retirement issues aren’t top of mind for the president.
  
  MarketWatch - Jan. 24

• Why Trump's tariff threat could raise car prices significantly

  Some of the biggest car brands, including Ford, General Motors and Stellantis, have plants in Mexico and Canada.
  
  CBS News - Jan. 23

• How Trump's proposed tariffs could raise U.S. car prices

  The average price of a new car in the U.S. is more than $49,000, and President Trump's proposal to increase tariffs on Mexico and Canada could raise car prices even higher. Kelly O'Grady examines why.
  
  CBS News - Jan. 23

• Trump promised to lower gas prices — but his tariffs could help raise them instead

  President Donald Trump’s “drill, baby, drill” pledge is well known, but drivers may end up paying more at the pump in the coming months despite his plans to lift U.S. oil production.
  
  MarketWatch - Jan. 22

• Trump tariffs on Canada could jeopardize oil and gas exports to U.S., says trade chief

  President-elect Donald Trump's threatened tariffs could prompt Canada to pursue dollar-to-dollar retaliation or an export tax on oil and gas bound for the U.S.
  
  CNBC - Jan. 16

More from The New York Times

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  High Inflation and New Tariffs Will Make the Fed’s Job Tougher

  Fresh tariffs amid high inflation are making the Fed’s job uniquely difficult and feeding uncertainty about what to expect for interest rates this year.
  
  The New York Times - 4h
• 

  F.C.C. Chair Orders Investigation Into NPR and PBS Sponsorships

  Brendan Carr, the chairman of the Federal Communications Commission, said the inquiry could help Congress decide whether to continue funding local stations.
  
  The New York Times - 16h

• You Can No Longer Buy Paper Inflation Bonds With Your Tax Refund

  The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.
  
  The New York Times - 38m
• 

  The Fed Is Sitting on the Sidelines, but for How Long?

  The relative calm in the markets may not survive upheaval in the A.I. sector and a deluge of disruptive Trump policies, our columnist says.
  
  The New York Times - 38m
• 

  Kalshi, an Online Prediction Market, Will Open Up to Brokerages

  The platform, which recently hired Donald Trump Jr. as an adviser, is seeking to tap Wall Street to expand its potential customer base.
  
  The New York Times - 2h

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• Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.

  The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further from its inflation goal and reducing the chance of another reduction in ...
  
  MarketWatch - 23m