Canada warns US tariffs on Canadian oil could force America to rely on oil from Venezuela, a country the US avoids.

President Donald Trump warned Canada and Mexico to expect tariffs of 25% on exports to the United States starting Saturday.

Trump said in an Oval Office signing ceremony on Monday that his administration will impose a 25% tax on goods from Canada and Mexico that may come as soon as February 1 – a move that could raise prices for American consumers.

Canada’s former chief trade negotiator says that we need to speak with one voice, strengthen the country rather than simply react to the U.S., and be ready to retaliate

Venezuela has never qualified for a World Cup, but reached the 2024 Copa America quarterfinals, following wins over Ecuador and Mexico in the tournament. They lost to Canada via penalty kicks. Venezuela is in eighth place through 12 games in the Conmebol ...

“The alternative for them would be more resources from Russia, China, or Venezuela. Canada is a safe, secure, and reliable partner in an uncertain world,” he added. The tariffs, if ...

Tariffs on crude oil — or witholding it entirely — in response to Trump's threats would cause pain on both sides of the border.

Trump reiterated Thursday that tariffs are coming, even as his advisers are considering several offramps to avoid enacting universal tariffs on Mexico and Canada, people familiar with the matter say.

In his inaugural address, U.S. President Donald Trump declared that he would overhaul the American trade system and establish an External Revenue Service to collect “massive” tariffs, duties and other revenue. Later that day, he said he was considering imposing tariffs on Canada and Mexico on Feb. 1.

Hypothetically, Raymond James estimates that a 25% tariff, which equates to $15 a barrel on top of the current $62 Western Canadian Select crude price, would add an average of 10 cents a gallon to gasoline at the pump, though the actual price impact would differ across states, he said.

The arrangement, known as a "Safe Third Country" agreement, would empower U.S. immigration officials to deport non-Salvadoran migrants to El Salvador.