Atlantic Council
·
Published
January 30, 2025
Share this article

Summary

Tariffs on imports from Canada and Mexico could significantly undermine U.S. energy dominance by raising domestic energy prices and disrupting critical supply chains. These actions may drive U.S. trading partners to seek alternatives, diminishing American competitiveness in energy exports, per commentary from Atlantic Council.

Tariffs on imports from Canada and Mexico could significantly undermine U.S. energy dominance by raising domestic energy prices and disrupting critical supply chains. These actions may drive U.S. trading partners to seek alternatives, diminishing American competitiveness in energy exports, per commentary from Atlantic Council.

The issue:  

Tariffs on energy imports present a critical challenge for U.S. energy markets, particularly as Canada accounts for about 62% of U.S. crude oil imports, followed by Mexico at approximately 7%. Such tariffs could lead to higher domestic energy costs and retaliatory actions from trading partners.

Go deeper:  

With U.S. refineries largely dependent on imported heavy crude, tariffs could spike consumer prices, especially in Midwest states lacking alternative supply options. Additionally, retaliatory tariffs in agricultural products from Mexico could severely impact U.S. natural gas exports, destabilizing domestic prices. The commentary warns that these trade barriers may inadvertently strengthen competitors like China in the energy market.

This is a brief overview of a commentary from Atlantic Council. For complete insights, we recommend reading the full commentary.

Related articles

All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
All Topics
The Consequences of China’s New Rare Earths Export Restrictions
Center for Strategic and International Studies
·
Nov 18, 2023

The Consequences of China’s New Rare Earths Export Restrictions

Summary

New export restrictions imposed by China on rare earth elements have significant implications for U.S. sourcing of these critical materials, particularly for defense technologies. The restrictions require licenses for exports, potentially disrupting supply chains and impacting U.S. firms, especially in the defense sector, per commentary from Center for Strategic and International Studies.

Centrist
Article
·
U.S.-China Relations
Read summary
(1 min.)
-->
The presidential debate accomplished more for Harris than it did for Trump
Brookings
·
Nov 18, 2023

The presidential debate accomplished more for Harris than it did for Trump

Summary

President Trump’s latest tariff plan is under fire from a conservative think tank, which says the math behind it is both flawed and misleading.

  • Donald Trump focused on separating himself from his party's extreme policies and addressing key voter concerns like the economy and abortion.
Leans Left
Commentary
·
2024 U.S. Elections
Read summary
(1 min.)
-->
Trump’s Disqualification: A Primer
Cato Institute
·
Nov 18, 2023

Trump’s Disqualification: A Primer

Summary

Cato Institute expert Robert A. Levy writes that U.S. SupremeCourt Chief Justice Roberts will be "concerned about political repercussions" if Trump is disqualified from running.

Levy also argues that liberal justices will likely lean toward allowing voting citizens to decide if Trump should be President.

Libertarian
Commentary
·
2024 U.S. Elections
Read summary
(1 min.)
-->
What China’s Ban on Rare Earths Processing Technology Exports Means
Center for Strategic and International Studies
·
Nov 18, 2023

What China’s Ban on Rare Earths Processing Technology Exports Means

Summary
  • China's decision to ban the export of rare minerals affects U.S. national, economic, and rare earth security, given that rare earth elements are crucial in defense and technology sectors.
  • The U.S. has and should expedite its efforts to address its vulnerability in this area through funding decisions to enhance domestic rare earth processing capabilities.
Centrist
Commentary
·
U.S.-China Relations
Read summary
(1 min.)
-->
Someone Has to Lead
Center for Strategic and International Studies
·
Nov 18, 2023

Someone Has to Lead

Summary
  • The U.S. must keep leading the world in promoting global human rights, despite its flawed human rights record and internal struggles.
  • Progress on freedom in the world requires U.S. leadership, otherwise Russia, China, and other autocratic states will continue democratic backsliding around the world.
Centrist
Commentary
·
International Affairs
Read summary
(1 min.)
-->
No results found.
Original Read Time
9 min
Organization
The Brookings Institution
Category
Israel-Gaza War
Political Ideology
Center Left

We make expert analysis of current events
simple and accessible for all.

Join us in elevating our public discourse.