{"id":46934,"date":"2025-07-15T12:55:01","date_gmt":"2025-07-15T12:55:01","guid":{"rendered":"https:\/\/www.spragueenergy.com\/?p=46934"},"modified":"2025-09-18T07:39:14","modified_gmt":"2025-09-18T07:39:14","slug":"imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico","status":"publish","type":"post","link":"https:\/\/www.spragueenergy.com\/fr\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/","title":{"rendered":"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico"},"content":{"rendered":"

Recap<\/strong>: The oil market erased its early gains and ended the session 2.15% lower as the market weighed perceived tightness against President Donald Trump\u2019s announcement that the U.S. will impose 30% tariffs on U.S. imports from the European Union, Canada and Mexico beginning August 1st<\/sup> and his threat for sanctions on buyers of Russian oil. The crude market traded higher and rallied to a high of $69.65 early in the morning, supported by news that China\u2019s crude oil imports in June increased 7.4% on the year to 12.14 million bpd, the highest since August 2023. However, the oil market erased its gains and sold off sharply by the early afternoon. The market was pressured by concerns that President Trump\u2019s tariff policies will slow global economic growth and energy demand. Also, President Donald Trump announced that the U.S. was giving Russia 50 days to agree on a peace deal with Ukraine to avoid new sanctions, leaving traders questioning whether the U.S. would impose steep tariffs on countries that continue to trade with Russia. The crude market extended its losses to $1.58 as it posted a low of $66.87 ahead of the close. The August WTI contract settled down $1.47 at $66.98 and continued to trade lower, posting a new low of $66.84 in the post settlement period. The September Brent contract settled down $1.15 at $69.21. The product markets ended the session lower, with the heating oil market settling down 5.76 cents at $2.3898 and the RB market settling down 2.16 cents at $2.1654.<\/p>\n\n\n\n

Technical Analysis<\/strong>:  The crude market will continue to trade within its recent trading range as the market looks for further developments following President Trump\u2019s threat of sanctions on buyers of Russian oil. The market\u2019s gains will be limited as the fear of immediate sanctions on Russian oil diminished following President Trump\u2019s announcement. The market is seen finding support at its low of $66.84, $66.50, $66.45, $65.75, $65.40, $65.23, $64.67, $64.50 and $64.00. Resistance is seen at $69.65, $71.20 and $72.90.<\/p>\n\n\n\n

Fundamental News<\/strong>:   U.S. President Donald Trump and NATO Secretary General Mark Rutte announced a plan on Monday to rearm Ukraine with missiles and other weaponry in its fight to fend off Russian invaders and warned of severe tariffs if Russia will not end the war. President Trump said he would impose “very severe tariffs” on Russia if no deal is made in 50 days. A White House official said President Trump was referring to 100% tariffs on Russian exports as well as so-called secondary sanctions, which target third countries that buy a country\u2019s exports.<\/p>\n\n\n\n

Hardline Iranian lawmaker Esmail Kosari said any closure of the Strait of Hormuz was still under review but no decision has yet been made. The possibility of Iran closing the waterway was speculated upon during the 12-day air war between Israel and Iran last month.<\/p>\n\n\n\n

IIR Energy reported that U.S. oil refiners are expected to shut in about 171,000 bpd of capacity in the week ending July 18th<\/sup>, increasing available refining capacity by 24,000 bpd.<\/p>\n\n\n\n

OPEC\u2019s Secretary General, Haitham Al Ghais, said OPEC expects “very strong” oil demand in the third quarter and a tight supply-demand balance in the following months. Russia’s RIA news agency quoted OPEC\u2019s Secretary General as saying on the sidelines of last week’s OPEC seminar in Vienna that the organization expected demand growth of 1.3 million bpd year on year in 2025 due to a strong global economy.<\/p>\n\n\n\n

Early<\/strong> Market Call – as of 8:45 AM EDT<\/strong><\/p>\n\n\n\n

WTI – Aug $67.00, up 17 cents<\/strong><\/p>\n\n\n\n

RBOB – Aug $2.1805, up 1.85 cents <\/strong><\/p>\n\n\n\n

HO – Aug $2.4069, up 2.62 cents<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Recap: The oil market erased its early gains and ended the session 2.15% lower as the market weighed perceived tightness against President Donald Trump\u2019s announcement that the U.S. will impose […]<\/p>\n","protected":false},"author":3,"featured_media":44502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[21,191,23,20,1,190],"tags":[],"class_list":["post-46934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crude","category-delivered-fuel","category-gasoline","category-heating-oil","category-market-insights","category-wholesale-fuel"],"acf":[],"yoast_head":"\nOil Market Analysis: Recent Price Movements - Sprague Energy<\/title>\n<meta name=\"description\" content=\"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.spragueenergy.com\/fr\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"fr_CA\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico\" \/>\n<meta property=\"og:description\" content=\"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.spragueenergy.com\/fr\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/\" \/>\n<meta property=\"og:site_name\" content=\"Sprague Energy\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T12:55:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-18T07:39:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emily Beckett\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emily Beckett\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimation du temps de lecture\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/\"},\"author\":{\"name\":\"Emily Beckett\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"headline\":\"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico\",\"datePublished\":\"2025-07-15T12:55:01+00:00\",\"dateModified\":\"2025-09-18T07:39:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/\"},\"wordCount\":589,\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/1-2.png\",\"articleSection\":[\"Crude\",\"Delivered Fuel\",\"Gasoline\",\"Heating Oil\",\"Market Insights\",\"Wholesale Fuel\"],\"inLanguage\":\"fr-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/\",\"name\":\"Oil Market Analysis: Recent Price Movements - Sprague Energy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/1-2.png\",\"datePublished\":\"2025-07-15T12:55:01+00:00\",\"dateModified\":\"2025-09-18T07:39:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\"},\"description\":\"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#breadcrumb\"},\"inLanguage\":\"fr-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/1-2.png\",\"contentUrl\":\"https:\\\/\\\/www.spragueenergy.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/1-2.png\",\"width\":1200,\"height\":628,\"caption\":\"Fleet of white fuel trucks parked at a terminal loading facility with overlay text 'Refined Products MarketWatch' in bold white font, framed by a red rectangle.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.spragueenergy.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#website\",\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/\",\"name\":\"Sprague Energy\",\"description\":\"Our Energy Makes the Difference\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.spragueenergy.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.spragueenergy.com\\\/#\\\/schema\\\/person\\\/f16806fa4af9f2c44e5e1b0a75e5ace9\",\"name\":\"Emily Beckett\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g\",\"caption\":\"Emily Beckett\"},\"sameAs\":[\"https:\\\/\\\/www.spragueenergy.com\"],\"url\":\"https:\\\/\\\/www.spragueenergy.com\\\/fr\\\/author\\\/ebeckett\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Oil Market Analysis: Recent Price Movements - Sprague Energy","description":"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.spragueenergy.com\/fr\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/","og_locale":"fr_CA","og_type":"article","og_title":"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico","og_description":"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.","og_url":"https:\/\/www.spragueenergy.com\/fr\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/","og_site_name":"Sprague Energy","article_published_time":"2025-07-15T12:55:01+00:00","article_modified_time":"2025-09-18T07:39:14+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png","type":"image\/png"}],"author":"Emily Beckett","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Emily Beckett","Estimation du temps de lecture":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#article","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/"},"author":{"name":"Emily Beckett","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"headline":"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico","datePublished":"2025-07-15T12:55:01+00:00","dateModified":"2025-09-18T07:39:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/"},"wordCount":589,"image":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png","articleSection":["Crude","Delivered Fuel","Gasoline","Heating Oil","Market Insights","Wholesale Fuel"],"inLanguage":"fr-CA"},{"@type":"WebPage","@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/","url":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/","name":"Oil Market Analysis: Recent Price Movements - Sprague Energy","isPartOf":{"@id":"https:\/\/www.spragueenergy.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#primaryimage"},"image":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#primaryimage"},"thumbnailUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png","datePublished":"2025-07-15T12:55:01+00:00","dateModified":"2025-09-18T07:39:14+00:00","author":{"@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9"},"description":"Explore the latest trends in the oil market, analyzing tariffs and their impact on global economic growth and energy demand.","breadcrumb":{"@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#breadcrumb"},"inLanguage":"fr-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/"]}]},{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#primaryimage","url":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png","contentUrl":"https:\/\/www.spragueenergy.com\/wp-content\/uploads\/2024\/06\/1-2.png","width":1200,"height":628,"caption":"Fleet of white fuel trucks parked at a terminal loading facility with overlay text 'Refined Products MarketWatch' in bold white font, framed by a red rectangle."},{"@type":"BreadcrumbList","@id":"https:\/\/www.spragueenergy.com\/imposed-tariffs-on-u-s-imports-from-the-european-union-canada-and-mexico\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.spragueenergy.com\/"},{"@type":"ListItem","position":2,"name":"Imposed Tariffs on U.S. Imports from the European Union, Canada, and Mexico"}]},{"@type":"WebSite","@id":"https:\/\/www.spragueenergy.com\/#website","url":"https:\/\/www.spragueenergy.com\/","name":"Sprague Energy","description":"Our Energy Makes the Difference","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.spragueenergy.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-CA"},{"@type":"Person","@id":"https:\/\/www.spragueenergy.com\/#\/schema\/person\/f16806fa4af9f2c44e5e1b0a75e5ace9","name":"Emily Beckett","image":{"@type":"ImageObject","inLanguage":"fr-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/924f71156c61d85a05686dee7318acf2321732eee51894f7ac82ed4453356bc3?s=96&d=mm&r=g","caption":"Emily Beckett"},"sameAs":["https:\/\/www.spragueenergy.com"],"url":"https:\/\/www.spragueenergy.com\/fr\/author\/ebeckett\/"}]}},"terminal":null,"_links":{"self":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/46934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/comments?post=46934"}],"version-history":[{"count":0,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/posts\/46934\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media\/44502"}],"wp:attachment":[{"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/media?parent=46934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/categories?post=46934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spragueenergy.com\/fr\/wp-json\/wp\/v2\/tags?post=46934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}