Tag: Asian refineries
-
Trump’s Oil Tariffs: Reshaping Global Oil Markets and Refining Dynamics
Introduction to Trump’s Oil Tariffs On February 1, 2025, U.S. President Donald Trump imposed a series of trade tariffs targeting oil imports from Canada and Mexico, with rates reaching as high as 25%. This decision forms part of a broader strategy to protect U.S. interests by addressing national emergencies such as fentanyl trafficking and illegal…