President-Elect Donald Trump will follow through on his plans to hit imports with tariffs but is likely to carve out exemptions for sectors such as Canadian oil and gas, former US Commerce Secretary Wilbur Ross said.

Canada is the largest external supplier of energy to the U.S., reaching nearly $160 billion in 2022, most of which is crude oil, petroleum products or natural gas.

Trump has called 'tariff' the 'most beautiful word in the dictionary' and promised his protectionist trade strategy will boost U.S. manufacturing{ai:summary}<p>President-Elect Donald Trump intends to implement tariffs on imports but may exempt certain sectors, including Canadian oil and gas, according to former US Commerce Secretary Wilbur Ross. Canada supplied nearly $160 billion in energy to the U.S. in 2022. </p><p>#economy</p>

Trump is likely to exempt Canadian energy from tariffs, Wilbur Ross says

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