Crude Oil, Refined Products, Maritime & Shipping, Gasoline, Diesel-Gasoil

March 06, 2025

Trump tariffs highlight US refiner dependence on Mexico and Canada

New US tariffs on imports from Canada and Mexico are highlighting the dependence of US refiners and consumers on crude and refined products from both countries. Why is the US Atlantic Coast in particular exposed to the supply and price impacts of the tariffs? Who will eat the costs of tariffs on Canadian crude?

Jeff Mower speaks with senior refining editor Janet McGurty and crude pricing editor Jada Johnson to discuss what options US Gulf Coast refiners have in obtaining heavy crude barrels, considering the 25% tariff on Mexican oil and considering that imports from Venezuela are no longer stable.

Links:

Join us on Platts Connect(opens in a new tab)

Register for CERAWeek(opens in a new tab)

Also on: Spotify(opens in a new tab) | Apple Podcasts(opens in a new tab)