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Trump tariff plan threatens to drive up gas prices
by Rachel Frazin 12/17/24 06:00 AM ET
A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. (AP Photo/Marta Lavandier)
President-elect Trump’s proposed tariffs on Mexico and Canada are expected to raise prices at the pump.
Trump said late last month that on his first day in office, he would place 25 percent tariffs on all Canadian and Mexican goods. The two countries are the leading sources of U.S. oil imports — and if he implements the tariffs, analysts say the action could result in higher gasoline prices.
Trump tariff plan threatens to drive up gas prices
by Rachel Frazin 12/17/24 06:00 AM ET

A customer pumps gas at an Exxon gas station, Tuesday, May 10, 2022, in Miami. (AP Photo/Marta Lavandier)
President-elect Trump’s proposed tariffs on Mexico and Canada are expected to raise prices at the pump.
Trump said late last month that on his first day in office, he would place 25 percent tariffs on all Canadian and Mexican goods. The two countries are the leading sources of U.S. oil imports — and if he implements the tariffs, analysts say the action could result in higher gasoline prices.
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