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Houston – the United States can reach an agreement with Canada, which avoids the tariffs for imports of oil, gas and other energy resources, Energy Minister Chris Wright said on Monday.
Wright said such a scenario was “definitely”, but “to say early” in response to a CNBC question during a press conference in Ceraweek from S&P Global. The United States is in “active dialogue” with Canada and Mexico, Energy Secretary said.
President Donald Trump paused before April 2 tariffs on Mexican and Canadian imports, which is Compatible with agreement Managed trade in North America. Initially, Trump imposed a wide 25% tariff on both countries as well as less than 10% tariffs to import energy from Canada.
It is unclear, however, how much oil, gas, and other energy imports from Canada corresponds to the US-Mexico agreement. Wright refused to provide specifics when CNBC asked how many of these imports corresponded to USMCA.
“I’m going to avoid details yet,” Wright said. Energy Secretary said: “We can get to tariffs and very low tariffs, but in an interview CNBC should be mutually” Brian Sullivan.
Last week, Canadian Energy Minister Jonathan Wilkinson warned that the United States would grow when energy import tariffs are fully operational.
“We will see higher prices for gasoline as energy function, higher electricity prices from Canada hydroelectricity, higher housing prices associated with natural gas, which comes from Canada and higher car prices,” Wilkinson said Megan Cassel In an interview.
For many years, the United States has been the largest producer of crude oil and natural gas. But numerous refineries in the US depend on strong raw raw materials imported from Canada. In December, the United States imported 6.6 million barrels of crude oil a day, more than 60% of which came from Canada, reports Administration of energy information.
Wright acknowledged that tariffs create uncertainty in energy markets when negotiations continue.
“We are in the middle of the negotiations where the tariffs go, so now they feel scary and passionate, but this time it will take place,” Wright said. “The transactions will be made, we will get certainty, and we will have a positive economic environment for Americans who are coming.”
American oil fell more than 1% on Monday to close $ 66.03 a barrel, while Global Benchmark Brent closed at $ 69.28 a barrel. Oil futures are substantially distracted because Trump’s trade policy creates uncertainty, and OPEC+ confirmed that it plans to gradually return 2.2 million barrels a day of production from next month.