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Stock impact report

Trump Barrels Toward Tariff Showdown With Top Trade Partners [BNN Bloomberg (Canada)]

Valero Energy Corporation (VLO) 
Last valero energy corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
Company Research Source: BNN Bloomberg
The targets are unlikely ones: Canada and Mexico, the two biggest buyers of US goods. Trump has pledged 25% tariffs on about $900 billion in goods from both nations, whose trade surpluses with the US have long chafed the president. Trump on Thursday vowed to follow through by his self-imposed Feb. 1 deadline, though the mercurial president has been known to change his mind. The scope of the duties also remained unclear. Trump declined to say if they would apply to Canadian oil imports, for example. Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April. The president on Thursday indicated he would move forward with 10% import duties on China, but did not specify timing. While it's possible the tariffs are short-lived, depending on how Canada and Mexico respond, the tone for trade policy is clear, said David Seif, chief economist for developed markets at Nomura. “We expect Tru Show less Read more
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