The incoming administration is grappling with uncomfortable political consequences of the tariffs Trump wants to impose.
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AfterameetingwithPresident-electDonaldTrumpatMar-a-Lago,AlbertaPremierDanielleSmithtoldreportersthatshedoesnotexpectCanadiangoodstogainanyspecialexemptionsfromthetariffsTrumpplanstolevysoonaftertakingoffice.
SmithhadpitchedTrumponexemptingAlberta’scrudeoilexportsfromthe25percentacross-the-boardtariffsthattheincomingpresidenthasthreatenedtoimpose,the EdmontonJournalreported.Alas,Trumpseemsunmoved.“Ihaven’tseenanyindicationinanyofthepresident’spubliccommentaryoreveninthecommentsthathehadwithmethathe’sinclinedtochangehisapproach,”Smithtoldthepaper.
OntheAmericansideoftheborder,itmightbehelpfulforsomeonetogamethisout.Morethan50percentofthecrudeoilimportedtotheU.S.—thestuffthatisusedtomakegasolineandotheressentialproducts—comesfromCanada(andmuchofthattotalcomesfromAlberta,specifically).
Anewtariffonthatcrudeoilwillbepassedalongtoconsumersdo