
The article discusses the potential consequences of a trade war between the US and Canada, particularly with regards to energy exports. The main points are:
- Canadian reliance on the US: Over 97% of Canadian crude oil exports go to the US, making Canada more reliant on its southern neighbor than vice versa.
- Potential tariffs: Trump’s proposed tariffs could drive up costs for refiners in the northeastern US and increase electricity costs on both coasts where US consumers rely on imports from Canada.
- Discounts for Canadian crude: If tariffs are imposed, Canadian