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July 1, 2025
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Trump's 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says
  • World News

Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says

Cs news4 months ago03 mins

(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities. President Donald Trump plans to impose a 25% tariff on Mexican crude and a…

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  • More emerging economies could adopt China's green technology due to competitive prices: Analyst July 1, 2025
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