Why US Refiners Won’t Ditch Canadian Crude

Mexico’s President Claudia Sheinbaum has announced that U.S. tariffs are on hold for one month after she held talks with President Trump and pledged to send 10,000 troops to the border to fight drug trafficking. Trump also spoke to Canadian Prime Minister Trudeau to discuss the punitive tariffs, saying that Ottawa has “misunderstood” the situation. Over the weekend, Trump slapped Canada and Mexico with duties of 25% and China with a 10% levy. Oil flows facing tariffs represent 44% of U.S. oil product imports, 69% of crude oil…