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Stock impact report

Trump Tariffs Threaten to Roil Oil Market, Raise US Pump Prices [Yahoo! Finance Canada]

Valero Energy Corporation (VLO) 
Last valero energy corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investorvalero.com
Most Read from Bloomberg Trump on Saturday signed orders implementing a levy of 10% on imports of Canadian energy, along with general levies of 25% on Canada and Mexico and 10% on China, according to White House officials who briefed reporters on condition of anonymity. Tariffs on Canada and Mexico may curtail shipments from the top two suppliers of foreign crude to the US. Almost all of Canada's roughly 4 million barrels of daily crude exports flow to its southern neighbor, and about 500,000 barrels comes into the US from Mexico, the bulk of it purchased by Valero Energy Corp. for its plants on the Gulf Coast. In the US Midwest, which is home to 23% of US refining capacity, refiners are so reliant on Canadian supplies that pipelines that once carried oil from the Gulf Coast to the Midwest have been reversed, leaving fuelmakers little access to alternative grades of oil. “Canadian oil tariffs would risk unpopular, if temporary, gasoline price increases in the US Midwest,” Gol Show less Read more
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