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Trump confirmed 25% tariffs on imports from Canada and Mexico starting Saturday, February 1, citing illegal immigration, fentanyl trafficking and trade deficits. The Canadian dollar and Mexican peso slid, and oil prices climbed as the market reacted.
Trump said the tariff rate could rise over time and that a decision on Canadian oil tariffs would depend on oil prices.
Confirmed 25% tariffs on two major U.S. trade partners threaten grain, oilseed and meal flows, and could reroute feed ingredient trade. Higher oil prices also raise freight and processing costs across the feed supply chain.
benzinga.comPiero CingariJan 30, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
