Trump, tariffs

Trump promised to lower gas prices. His tariffs could have the opposite effect.
One chart shows why US gas prices could spike under Trump's tariff plans.
Gas, grocery prices likely to surge when Trump’s tariffs take effect Feb. 1
The Trump administration will impose 25% tariffs against neighboring countries Canada and Mexico beginning Saturday, the White House confirmed Friday.
Here's what Trump's Mexico and Canada tariffs would mean for Wisconsin gas prices
The 25% tariffs could increase the price of Canadian crude oil from about $63 per barrel to $80, according to De Haan. The refineries that serve Wisconsin rely primarily on Canadian crude oil, so within a few days of the tariffs kicking in, prices at the pump could rise between 20 and 50 cents a gallon.
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. Tariffs on goods from Mexico and Canada that are set to take effect could hike the price of a gallon of gasoline for some drivers by as much as 70 cents and send grocery bills climbing, experts told ABC News.
Gas prices are higher: But, but, but, Trump said everything was going to be lower
Donald Trump said prices were going to be lower when he got back into office. Explain, then, how gas prices are up 21 cents a gallon from a month ago.
Trump Tariffs Could Hurt Oil Companies and Increase Gas Prices
Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on products from Canada and Mexico.
Food, Gas Prices to Spike as Trump Levies 25% Tariffs on Canada and Mexico
Instead, Trump told reporters he would narrow his focus on Canada and Mexico and pledged to impose 25% tariffs on both neighboring countries as soon as Feb. 1, 2025. The threat of said tariffs would be levied in retaliation for allowing illicit drugs and migrants to cross the border.
Trump imposes tariffs on Canada, Mexico and China, raising prospect of higher costs for US consumers
President Donald Trump has signed an order to impose stiff tariffs on imports from Mexico, Canada and China, fulfilling a campaign promise but raising the prospect of increased prices for American consumers.
Wisconsin could see higher prices, shocks to the economy, from new Trump tariffs
The president also said he's imposing a 10% tariff on China, in addition to fees already in place, and that tariffs will eventually be levied on the European Union. Tariffs are import fees which in most cases are passed on to consumers.
Pump prices set to rise as Trump tariffs hit Canadian, Mexican oil
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Trump eyes Feb. 18 for oil tariffs, expects lower duty for Canada
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