This past week, President Donald Trump signaled he doesn’t intend to renew a trade agreement with Mexico and Canada. The move could have major impacts on the nation’s economy, including another rise to the price of fuel for consumers.
On Wednesday, the president told reporters the U.S. doesn’t need what its bordering nations provide.
Without an agreement, the president could impose tariffs on Canadian crude oil that a large majority of refineries in the Midwest rely on daily.
Mike Smith, of the United Steel Workers union, which represents many oil refinery workers in the region, told The Center Square that anytime there are issues with the supply of oil to a refinery, it may put jobs at risk.
Dominic LeBlanc, Canada’s minister for U.S. trade, sent a letter to American and Mexican trade representatives earlier this month, calling on both parties to re-up on the agreement for another 16 years.
The next round of talks on the agreement are scheduled for this week in D.C.
Story from Illinois Radio Network
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