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Why Trump and Carney Haven’t Touched Energy in Their Tariff War

Image: Oil Price. Rights remain with the publisher.

The United States and Canada are locked in an energy trade war – sort of. Although United States President Donald Trump and Canadian Prime Minister Mark Carney have lobbed plenty of blisteringly high tariffs, not to mention threats and insults, at each other over the course of their respective tenures, they have not touched one very important commodity – oil and gas. This is because the nations are simply too dependent on each other to sever the ties between their respective fossil fuel empires, making true independence a purely pyrrhic…

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Story file

Section
Business
Topics
Economy & RBI
First reported by
Oil Price
Reporter
haley zaremba
Published
Saturday, 24 October 2026, 3:30 am IST
Coverage
One outlet so far

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