Canadian Prime Minister Justin Trudeau said on Friday: “It’s not what we want, but if he moves forward, we will also act.”
Canada and Mexico have already said that they would respond to US tariffs with measures of their own, while also seeking to assure Washington that they were taking action to address concerns about their US borders.
The BBC has reached out to the Chinese embassy in the US for comment.
If US imports of oil from Canada and Mexico are hit with levies it risks undermining Trump’s promise to bring down the cost of living.
Tariffs are an import tax on goods that are produced abroad.
In theory, taxing items coming into a country means people are less likely to buy them as they become more expensive.
The intention is that they buy cheaper local products instead – boosting a country’s economy.
But the cost of tariffs on imported energy could be passed on to businesses and consumers, which may increase the prices of everything from petrol to groceries.
On Friday, Trump agreed tariff costs are sometimes passed along to consumers and that his plans may cause disruption in the short-term.
Around 40% of the crude that runs through US oil refineries is imported, and the vast majority of it comes from Canada.
https://www.bbc.com/news/articles/ckg0m79gm10o,
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