if you take Trump's threat to put a 25% tariff on all Canadian goods seriously, one of the first results would be an immediate increase in gas prices, especially in the midwest—Canadian pipeline-transported crude feeds key refineries throughout the US
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And once the other suppliers see they have a monopoly it will get bad fast.
Things are going to get messy.
My post was to to show an expanded example of what could face tariffs.
Basically everything in the USA is going to get more expensive.
“The Smoot-Hawley Tariff Act of 1930 raised U.S. import duties with the goal of protecting American farmers and other industries from foreign competition. The Smoot-Hawley Tariff Act is now widely blamed for worsening the severity of the Great Depression in the U.S. and around the world.”
So my question is: will canadian tariffs benefit or hurt his oil friends? If so they will happen, if not they’ll be carved out.
Th3 focus economic extraction by the wealthy.
Venezuela. 🛢️