How oil emerged as a central sticking point in the Trump tariff talks
Published On Jan 31, 2025, 2:21 PM
The article discusses the ongoing tariff talks led by former President Donald Trump, with a significant focus on oil as a central issue. Trump's acknowledgment of potential tariff implications on oil could destabilize energy markets, especially given that Canada is a major oil exporter to the U.S. The speculation around whether oil will be included in tariffs has led to increased anxiety in both countries' markets. Energy experts suggest that including oil in tariffs could have severe consequences, which is making the sector nervous as Trump deliberates on the matter.
Stock Forecasts
PSX
Negative
Due to the uncertainty surrounding potential tariffs on oil, there may be increased volatility in oil prices and energy stocks. If oil tariffs are implemented, we could see a detrimental effect on energy companies reliant on Canadian crude imports. Conversely, if oil is excluded from tariff lists, it should stabilize and potentially boost investor confidence in the sector.
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