As do I.
Posted on 02/03/2025 6:30:46 AM PST by Miami Rebel
The American Gas Association says it is working with President Donald Trump's administration to "mitigate" potential rising costs as part of Trump's new tariffs on Canada and Mexico.
The AGA noted in a statement that roughly 9% of U.S. natural gas supplies are sourced from Canada. AGA President and CEO Karen Harbert affirmed her intent to work with the Trump administration in another public statement.
"Energy security is national security, and our highly integrated North American natural gas delivery system is critical to ensuring our nation’s safety and fueling our homes and vital industries. AGA is dedicated to continuing to work with President Trump to help ensure affordable and reliable energy for American families and businesses and mitigate any potential effects of these tariffs on home heating and business costs," said Harbert.
Trump imposed 25% import tariffs on both Mexico and Canada on Saturday, as well as a 10% tariff on Chinese imports. The energy tariffs applied to Canada are limited to 10%, the administration noted.
Energy resources from Canada will have a lower 10% tariff, according to the White House. In a statement obtained by Fox News Saturday, the Trump administration said the action is a response to an "extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, (that) constitutes a national emergency."
"This challenge threatens the fabric of our society," the executive order states. "Gang members, smugglers, human traffickers, and illicit drugs of all kinds have poured across our borders and into our communities.
"Canada has played a central role in these challenges, including by failing to devote sufficient attention and resources or meaningfully coordinate with United States law enforcement partners to effectively stem the tide of illicit drugs.
Canada and Mexico each announced tariffs on U.S. imports on Saturday in retaliation for Trump placing tariffs on the two countries.
Canadian Prime Minister Justin Trudeau argued on Saturday that the move "split us apart instead of bringing us together." His administration has imposed a 25% tariff on some $155 billion worth of U.S. imports.
"It is going to have real consequences for people, for workers on both sides of our border," he said. "We don’t want to be here. We didn’t ask for this, but we will not back down in standing up both for Canadians and for the incredible successful relationship between Canada and the United States."
The increased value of the dollar and the rapid decrease of the Canuck Buck and peso will offset a bunch of the tariffs they are imposing on us.
This will be a sprint, not a marathon.
EC
Do we really import that much from Canada?
A 10% tariff on 9% of our energy should result in a one or two percent increase in energy cost to us.
Hardly the world coming to an end.
So Trump has imposed 25 percent Tariffs on Canada because he’s afraid of being called names?
Simple google search, this stuff is not hard
https://www.cbc.ca/news/politics/illegal-migration-canada-united-states-1.7320623
By the way, the ones from Canada tend to be actual terrorists of sleepers, so much worse in character.
Which state you from?
Doesnt seem that you know WTF your talking about converning drug running across the northern border.
BTW. That little prick Trudolt is trying to split Canada apart like they wanted in 1995. That separation vote lost with less than 55 thousand votes or about 1% of the total.
They would have been way better off getting rid of those frogs.
BTW. Canadas border with the USA is largely free access. And we watched as tons of drugs were shipped across into the USA and the drug lords collected funds in US dollars coverting it into Canadian currency.
As for the crooks like Trudolt? Anybody with a tiny bit of common sense can connect the dots.
Nothing “breaks” on social media.
As do I.
zactly
got it.
thanks
What state am I from? My moniker is MIAMI Rebel. Take a guess.
You’re full of p-— and vinegar but short on facts. Feel free to provide them once you settle down. No US agency has labeled Canada as a significant supplier of drugs.
No one said that it was the end of the world. But speaking of energy, natural gas is up over 9% today.
Knee-Jerk reactions, eventually it will settle down.
That was 5 years ago, a much higher rate of the flow of drugs and opioid deaths have occurred since then
“Knee-Jerk reactions, eventually it will settle down.”
Words to live by, but don’t imagine that there won’t be real economic costs to American consumers and investors.
Short-term, yes.
But it has to be done. Otherwise nothing will ever change.
And you trust the numbers from US agencies from the past 4 years ?
Two problems with that.
1. The currency decline is miniscule relative to the tariffs.
2. Not only is the cost of goods to US end users going up (think homebuilding,) but there will be significant disruptions to manufacturers (think automobiles.)
I appreciate the link. But is the snark really necessary for a honestly asked question?
Since when did President Trump care about political correctness or worry about critics?
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