Why These Energy Stocks are Losing This Week

In this article, we are going to discuss the energy stocks that are losing this week.

President Donald Trump’s 10% tariff on Canadian energy went back into effect today, and while the United States is a major energy producer itself, it is highly reliant on imports from its northern neighbor.

Canada supplies 60% of America’s oil imports, about 4 million barrels a day, making it the largest crude oil supplier to the US. Canada is also responsible for nearly all of the US natural gas imports and the two countries even share an...