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Business & Economics

Trump's 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says

Reuters
Summary
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78% Informative

Goldman Sachs says proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year.

President Donald Trump plans to impose a 25% tariff on Mexican crude and a 10% levy on Canadian crude starting in March .

Despite this, Goldman expects the US . to remain the primary destination for heavy crude.

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89

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97

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35

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formal

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English

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66

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short-lived

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