President Trump’s 25% import tariffs on Mexico and Canada and an additional 10% tariff on China are causing investors to seek shelter from the potential fallout. Canada is of particular concern since it is a top supplier of energy to the United States, including crude oil and natural gas.
The United States imports most of its crude oil from Canada. According to the Cato Institute, if energy imports were taken out of the equation, the United States would have a trade surplus with Canada. A third of all the crude oil imported by the United States also comes from Mexico. If energy imports are keeping you up at night, here are two stocks in the oils/energy sector to trade in each direction of the tariffs.
