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Trump Tariffs Could Hurt Oil Companies and Raise Gas Prices

Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25% tariffs on products from Canada and Mexico.

© Tannen Maury/EPA, via Shutterstock

A refinery near Joliet, Ill. Tariffs could affect U.S. refiners, particularly those in the Midwest that process a lot of Canadian oil and do not have a ready substitute.
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