With Donald Trump set to return to the White House in January, the energy sector is facing some big questions, and Enbridge Inc. (ENB) is right in the middle of it all. As one of the largest energy infrastructure companies in North America, Enbridge’s future could be shaped by changes in trade policies and energy dynamics during Trump’s second term.
Trump's proposed 25% tariff on Canadian imports to the U.S. has already caused a stir, especially since Canada supplied over half of all petroleum imported to the U.S. in 2023 — about 4.42 million barrels per day. A tariff like this could hit companies like Enbridge hard, particularly with its Mainline pipeline system being the largest oil pipeline network on the continent.
