Tariffs take toll on small US business

Mélanie Jolyforeign Minister

Of course, there's oil and gas. We haven't put that on the table yet, guys, we kept that in our game, in our cards, as cards that we could potentially play if this would escalate, and the U.S. knows that,

Joly said

We’re importing about 3 million barrels of Canadian crude a day to the Midwest and Rocky Mountain region,

said Lipow

I’ve been hearing from quite a few CEOs in the U.S., quite a few Republicans in the U.S., that they’re uncomfortable with the current direction.”

Canada’s allies are out there

I don’t think there’s any value in Canada showing any interest in any kind of review of the agreement,

he says

I think the only hope and path forward for countries like Canada and others is that the impact on the U.S. economy, and the stock market, and various companies is going to be extreme enough that there’s going to be a lot of pushback within the U.S.,

he says

The negotiation aspect is where we are now,

said Amo Sahota, director at Klarity FX in San Francisco

This is a fluid situation, and it is unclear whether the U.S. import tariffs apply to imports of electricity from Canada, and it is uncertain whether or when this will be resolved,

MISO spokesperson Brandon Morris said

This is a complex situation with many moving parts,

said Randy Burlingame, a spokesperson for ISO New England

There are gross price implications and reliability implications,

said Timothy Fox, an analyst at ClearView Energy Partners

The NYISO (New York Independent System Operator) and neighboring system operators have serious concerns that applying export tariffs to electricity may have serious adverse effects on reliability and wholesale electric markets,

New York's grid operator said in its filing with the Federal Energy Regulatory Commission

We estimate the tariffs could lead to a nearly $1,000 per household increase annually in the cost of goods,

said Nationwide Mutual chief economist Kathy Bostjancic