Quotes
We’re importing about 3 million barrels of Canadian crude a day to the Midwest and Rocky Mountain region,
said Lipow
Where they are in Canada, the world is their oyster,
said Tom Kloza, global head of energy analysis for OPISThis 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
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 CommissionThis is a complex situation with many moving parts,
said Randy Burlingame, a spokesperson for ISO New EnglandThere are gross price implications and reliability implications,
said Timothy Fox, an analyst at ClearView Energy PartnersAll players, no matter which country they play in, get paid in U.S. dollars, ... So if the impact of the tariffs is to see the Canadian dollar drop relative to the U.S. dollar, it will make it more difficult and more painful.”
Bettman told CNBC’s Becky Quick on “Squawk Box.”
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Our ratings are strong and we have great media partners in Canada and the United States,
Bettman said
I'm hoping that this is a moment in time and both countries find a way to work through this,
Bettman saidWe 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
And that'll cascade down in the supply chain. So some will be able to survive a little longer than others, but 25% across the board is in the realm of being catastrophic for the auto industry as a whole,
he said_(cropped).jpg)
I won't sugar coat it. This is going to be tough,
Prime Minister Justin Trudeau told a press conference on Tuesday
If the tariffs are sustained indefinitely, it would almost wipe out two years' worth of economic growth,
said Craig Alexander, president of Alexander Economic Views, an independent economic research organization
It will disproportionately affect the less fortunate economically,
said Dave McKay, CEO of Royal Bank of Canada, the country's biggest lenderWe are at an inflection point,
said Randall Bartlett, Deputy Chief Economist with DesjardinsIt's a relatively cold time of the year and this is peak electricity season for upstate New York, so the price impact at the local level could potentially be substantial. If electricity is cut with little warning, there will be severe impacts on prices and electricity volume."
He added
Although the amount of electricity imported over the Canadian border is a small part of the overall U.S. power supply, the transmission connections linking Canada and the United States are an important component of the electricity markets in northern states."
U.S. Energy Information Administration said in a report about energy trade between the U.S. and Canada.jpg)
Doug Ford's threat to restrict electricity exports to the U.S. would fall especially hard on Buffalo and upstate New York, like Rochester."
Webster told NewsweekThe impact of this measure will be significant,
Coparmex warned of the 25-percent tariffs on Canadian and Mexican imports into the United States
No matter how long this lasts, no matter what the cost, the federal government and other orders of government will be there for you,
he added