President Donald Trump has announced that 25% tariffs on Canada and Mexico exports to the United States will go into effect on March 4, adding that he will impose an additional 10% tax on Chinese imports in what could be the beginning of trade wars between the U.S. and its biggest trading partners. Trump paused the sweeping duties on Canada and Mexico on February 3 for one month after both countries’ announced new border security measures. Oil flows facing tariffs represent 44% of U.S. oil product imports, 69% of crude oil imports and 81%…
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