Most energy imports spared from Trump’s sweeping tariffs

Imports of energy products like oil and gas were largely spared from President Donald Trump’s sweeping tariffs issued Wednesday afternoon. 

Trump, who declared Wednesday “Liberation Day,” announced he would be imposing a baseline 10% tariff on all exports to the United States, with minimal exceptions, and higher tariffs on other nations that impose trade barriers on U.S. goods.

Many in the fossil fuel industry had expressed concerns in recent days about additional tariffs on energy products. Some projected that increased levies could interrupt flows of oil and gas, raising costs for consumers. 

Luckily for the industry, the White House confirmed in its executive order that “energy and energy products” were exempt from the reciprocal tariffs. 

Canada and Mexico are the largest sources of crude oil exports

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