West of Mpls MN about 50 miles on Hwy 12 | Good thing the IEEPA tariffs Trump enacted by EO were ruled unconstitutional by the Conservative U.S. Supreme Court so hopefully no.....I wonder if Canadian crude oil will be subject to the 15% Trump enacted tariffs?
AI Overview:
As of early 2026, Canadian crude oil imported into the U.S. is subject to a 10% tariff under [US IEEPA-based measures], although many products that qualify under the [United States-Mexico-Canada Agreement (USMCA)] are exempt.
This 10% rate applies to energy resources specifically and is separate from higher 35% duties on other general Canadian goods.
Tariff Rates: While a general 25% to 35% tariff was implemented on many Canadian goods starting in March 2025, energy products (crude oil, natural gas) were generally subject to a 10% duty.
USMCA Exemptions: Canadian products, including oil, that comply with USMCA (CUSMA) rules of origin are often exempt, although this is subject to ongoing trade negotiations and legal challenges.
Legal Uncertainty: Following a February 2026 U.S. Supreme Court decision, the future of these IEEPA-based tariffs is under review, creating uncertainty about the longevity of the 10% rate.
Impact: These tariffs are largely paid by U.S.
Edited by CMN 2/24/2026 20:02
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Tariff Debacle
