TARIFF TROUBLE

Twenty percent of US oil consumption is reliant on Canadian imports, because despite the fracking revolution, pipeline capacity constraints mean the Midwest/Northeast depend heavily on Canadian crude and natural gas. Furthermore, Gulf Coast/Midwest refineries are designed only to process heavy Canadian grade oil. Oh, almost 100% of canola, 85% of potash, 46% of nickel, and 80% of softwood lumber imports come from Canada. Canada has ample leverage. This is madness.