TariffsWhat does everyone think that the market is pricing in so far in the amount of tariffs that will be imposed on Canadian oil and gas? 0%, 10%, 15%, 2o% or 25%?
CNQ and other oil stocks have been on a steady decline over the last 2 weeks despite WTI being up 15%. Given that he has to look tough and make an example of Canada to the rest of the world but also having to keep in mind that a 25% tariff would significantly increase the price of gas and by extension inflation, I think he imposes a 10% tariff on oil and gas but a significant tariff (20%) on all other goods.
That's my take. Like to hear other comments.