Donald Trump's recently announced tariffs include a notable exemption for the energy sector, which advocates argue reflects his loyalty to big oil donors rather than the American populace. The new tariffs, set at 10% for many countries, threaten to heighten consumer prices in the U.S. while sparing fossil fuels such as crude oil from Canada. This exemption has been celebrated by the oil industry, which contributed significantly to Trump's campaign, leading to criticism that it perpetuates corporate interests over broader economic wellbeing.
The exemption for the energy sector in Trump's tariffs indicates his allegiance to big oil donors over the American public, raising concerns about economic impacts.
Critics highlight that Trump's tariffs are detrimental to the global economy while benefitting fossil fuel interests, who invested heavily in his re-election campaign.
Collection
[
|
...
]