Eleven Charts Showing How Canada/​Mexico Tariffs Would Harm the US Energy Industry (and US Energy Consumers)

By Scott Lincicome and Alfredo Carrillo Obregon  February 28, 2025  cato.org

The report includes a number of graphs which do not cut-and-paste.  I suggest using the link below.

https://www.cato.org/blog/eleven-charts-showing-how-canada/mexico-t...

Following a one-month suspension in the 25 percent tariffs on all goods imported into the United States from Canada and Mexico, President Trump announced on February 27 that his administration would move forward with these duties. As we explained in a previous blog post, these US tariffs (and the subsequent retaliation by the Mexican and Canadian governments) would cause significant damage to the three countries’ economies, and because of North America’s decades-long economic integration, some industries would suffer disproportionately.

Having explored the potential impact of the tariffs on the US auto industry, we now turn to another sector that is significantly interconnected with the Mexican and Canadian economies and would thus suffer disproportionately from Trump’s tariffs: energy.

Note:  Is the Cato Institute conservative or liberal?

They are libertarian in their policy positions, typically advocating diminished government intervention in domestic, social, and economic policies and decreased military and political intervention worldwide.