Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25% tariffs on products from Canada and Mexico.
Read more at The New York Times
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Trump says he'll impose tariffs on oil and gas imports next month
President Trump on Friday proposed significant new tariffs on multiple sectors of the economy.CBS News - 21m -
Trump vows sweeping tariffs on oil, pharmaceuticals and semiconductors
President Trump on Friday vowed to impose sweeping tariffs on semiconductor chips, pharmaceuticals, steel and aluminum and oil and gas. "We'll be doing pharmaceuticals. Importantly in drugs and ...The Hill - 48m -
International companies rush to align with Trump’s agenda and blunt tariffs
LVMH’s Arnault contrasts US ‘wind of optimism’ with ‘cold shower’ of FranceFinancial Times - 1h -
Oil prices post weekly drop as outline of Trump’s tariff plans emerges
Oil futures ended lower Friday, contributing to a loss for the week, though prices held on to a gain for the month as traders awaited a tariff decision by President Donald Trump on crude imports ...MarketWatch - 2h -
High Stakes for Global Companies in Trump’s Latest Tariff Threats
Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.The New York Times - 12h -
Companies Race to Ship Goods Ahead of Trump Tariffs
Trump’s tariffs could upend world trade and prompt domestic production.Inc. - 21h -
Here are the products and companies most at risk from Trump's tariff plans
President-elect Donald Trump's proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, french fries, furniture and beer.CNBC - 1h -
These prices could climb within days if Trump slaps tariffs on Canada and Mexico
The Trump administrations says the tariffs will take effect on Feb. 1.ABC News - 3h -
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 warFinancial Times - 17h -
Trump says he might exclude oil from tariffs on Canada and Mexico
US president intends to impose penalties on trading partners as soon as this weekendFinancial Times - 23h -
Here’s how much gas could cost you if Trump’s threatened tariffs go through
President Trump has threatened to place 25% tariffs on Canada and Mexico as soon as this Saturday, potentially disrupting the relatively stable prices drivers have been paying for gasoline during a ...MarketWatch - 2d -
California bill would hold oil and gas companies liable for climate change-fueled damage
A bill introduced in California’s state Legislature would make fossil fuel companies legally liable for damages from climate change, similar to current law holding utilities liable for fires ...The Hill - 3d -
Trump’s Colombia Tariff Threat Startled Companies Trying to Rely Less on China
By declaring he’d put tariffs on goods from the South American country, the president imperiled a growing influx of foreign investment there.The New York Times - 3d -
How Trump's tariffs could impact your wallet
President Trump has promised to make tariffs a central part of his economic and foreign policy. NBC News' Zinhle Essamuah explains how tariffs work and how they could impact your personal finances.NBC News - 4d -
Trump Tariffs Could Hit Cars, Clothes and Food Prices Fast
The levies could go into effect within the next few days.Inc. - 4d -
Oil prices end lower on Trump’s tariff talk, concerns over AI-related power demand
Oil futures settled lower on Monday, as the Trump administration’s ongoing tariff threats and their potential economic impact, along with concerns over the potential for a slowdown in AI-related ...MarketWatch - 4d -
Oil Companies Embrace Trump, but Not ‘Drill, Baby, Drill’
Oil and gas executives welcomed President Trump’s early moves on energy policy, but many said they did not plan to increase production unless prices rose significantly.The New York Times - 4d -
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 -
Trump Stocks E.P.A. With Oil, Gas and Chemical Lobbyists
Top political appointees are already at the E.P.A. preparing to erase the agency’s climate rules and pollution controls. Many of them have tried it before.The New York Times - 6d -
Americans spend $900 billion a year on goods from Mexico and Canada. Tariffs could affect these prices the most.
Americans buy $900 billion a year in food, cars, TVs, toys, appliances and other goods from Mexico and Canada. The cost of these products could rise if President Trump carries out his threat to ...MarketWatch - 6d -
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 urges oil-exporting nations to slash prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.BBC News - Jan. 23 -
Trump Davos remarks target big banks, oil prices, European regulators
Trump has signed executive orders to withdraw the U.S. from the World Health Organization and the Paris climate agreement since he took office.CNBC - Jan. 23 -
Trump calls on Opec to push down global oil prices
US president tells World Economic Forum he will insist central banks lower interest rates ‘immediately’ afterwardsFinancial Times - Jan. 23 -
Netflix raising prices as subscriptions soar
Netflix plans to raise the cost of a subscription after reporting one of its best financial quarters to end 2024. A standard basic plan including advertisements will now cost $17.99, with a premium ...The Hill - Jan. 22 -
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 -
Oil ends lower as Trump’s output and tariffs plans fuel supply uncertainty
Oil futures ended lower on Tuesday as traders weighed prospects for crude supplies after President Donald Trump vowed to boost already record U.S. crude output, threatened to implement a steep ...MarketWatch - Jan. 21 -
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 -
UPS could help end the ‘freight recession’ this year. It may have to raise prices first.
Analysts say deregulation, lower taxes under Trump could spur small-business investments and more shipments — but tariffs could weigh down volumes.MarketWatch - Jan. 16 -
Trump's plan for mass deportation could have a big effect on prices
Some experts say there is really nothing the government can do about high food prices.CNBC - Jan. 11 -
Trump will struggle to drive down oil prices
Energy production in the US will rise but more of the output will be gassyFinancial Times - Jan. 9 -
Services index shows big jump in prices for December as companies fear tariffs
The ISM services survey's prices index jumped to 64.4%, an increase of 6.2 points or more than 10%.CNBC - Jan. 7 -
Chinese Companies Have Sidestepped Trump’s Tariffs. They Could Do It Again.
The companies have found plenty of new channels to the U.S. market — demonstrating the potential limits of the tariffs Donald Trump has promised to impose.The New York Times - Jan. 5 -
Price transparency could be the healthcare win Trump wants (and America needs)
Americans nationwide have every reason to be optimistic that positive change is on the horizon for the nation’s healthcare system.The Hill - Jan. 5 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2
More from The New York Times
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High Stakes for Global Companies in Trump’s Latest Tariff Threats
Manufacturers from Asia, Europe and elsewhere have poured billions into North American supply chains that could be hit by new taxes on Mexico, Canada and China.The New York Times - 12h -
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 - 5h -
Why There’s Nowhere to Hide From Trump’s Tariffs
President Trump’s long-promised trade war could start as soon as Saturday, leaving companies scrambling for a workaround for their global supply chains.The New York Times - 7h -
Paramount in Settlement Talks With Trump Over ‘60 Minutes’ Lawsuit
A settlement, if reached, would be an extraordinary concession by a major U.S. media company to a sitting president.The New York Times - 21h -
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 - 8h
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Musk Aides Lock Government Computer Systems, Sources Say
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