Comments by "Reecom98" (@reecom9884) on "White House says tariffs on Mexico, Canada and China begin Saturday" video.

  1. Both the US and Canada import and export oil to each other. Canada’s major oil refineries are on the east coast and uses American light crude. Canada’s heavy crude is exported south into American pipelines and to American refineries, which is closer and more cost effective than building new Canadian oil refineries. Mexico exports their crude oil to the US refineries and US refineries export gas to Mexico since US refineries are more efficient than Mexican refineries. The price of gas will rise with tariffs on oil.
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  2. The price of cars, consumer products, and agriculture produce at the supermarket will increase. American companies have long-term contracts with Canadian and Mexican companies to get the best price for their goods. American companies can’t break the long-term contracts and start looking for American companies, they will have to pass on the tariff cost to US consumers.
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