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.
Wisconsin businesses are generally supportive of increased tariffs against China but are more mixed in their views on potential tariffs against Canada and
Liberal leadership hopeful Chrystia Freeland says Canada should target Teslas and U.S. alcohol as part of its tariff retaliation package should U.S. President Donald Trump made good on his trade threats.
According to the U.S. Energy Information Administration website, the states that use Canadian electricity are New York, including New York City, the Upper Midwest states of North Dakota, Wisconsin, Michigan, and Minnesota, as well as most of New England, including Massachusetts, Connecticut, Maine, Vermont, and New Hampshire.
President Donald Trump during his latest campaign called tariff the “most beautiful word in the dictionary” and pledged to tax imports at 60 percent or more. He also threatene