How Trump’s Tariffs Could Raise Gas Prices

“Donald Trump’s promised tariff on imports could hit U.S. voters where it hurts — their gas tanks,” Politico reports.

“Trump has called for imposing tariffs of up to 20 percent on all imported goods should he be elected. That would likely affect at least half, if not all, of the 8 million barrels of crude oil that the United States imports, market analysts said, in what could become an especially politically explosive example of his tariffs’ impact on consumers’ wallets. Such a move could also blow up a trade treaty with the nation’s No. 1 supplier of imported oil: Canada.”