(Reuters) – U.S. President Donald Trump’s new 25% tariffs on imports from Mexico and a 10% tariff on Canadian energy took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and raise gasoline prices for Americans.
Canada and Mexico are the top sources of U.S. crude imports, together accounting for around one-quarter of the oil U.S. refiners process into fuels such as gasoline and heating oil, according to the U.S. Department of Energy.
Below is a list of the top countries that the United States imports crude from and the volumes supplied by each country:
Country | Import Volume (thousand barrels per day) |
---|---|
Canada | 4,068 |
Mexico | 465 |
Saudi Arabia | 273 |
Venezuela | 228 |
Brazil | 218 |
Colombia | 213 |
Iraq | 198 |
Guyana | 176 |
Nigeria | 154 |
Ecuador | 122 |
Source: Data from U.S. Energy Information Administration
Reporting by Arathy Somasekhar in Houston
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