Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022
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Trump tariffs
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Oil prices dip as traders brace for Trump tariffs and potential disruptions to global supply
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Trump’s tariffs on Canada could push U.S. electricity prices higher, with New York and New England most affected by potential power supply disruptions.
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Canada is pushing for new oil pipelines to reduce dependence on U.S. refineries amid looming Trump tariffs, but regulatory and financial hurdles remain.