The 25% import levy could go into place as soon as Feb. 1.

Today, reporter Robert Tuttle looks at the close integration of US-Canadian oil markets and what that means for Donald Trump’s tariff plans. Among US President Donald Trump’s flurry of threats during his first week in office was a vow to impose 25% tariffs on imports from Canada.

The US’s economic partners are racing to sustain trade volumes in a Donald Trump era by closing new bilateral deals and rerouting supply chains to cope with increased US protectionism. Policymakers and trade experts say countries are turning to a tactic deployed during the US president’s first term in office,