Imagine a big factory that makes gasoline and other fuels from oil. These factories, called refineries, usually get their oil from Canada and Mexico. But President Trump might put a tax on this imported oil. This means the oil will become more expensive!
So, these refineries need to find new places to get their oil. They might use oil from inside the US instead. This could help American oil companies, but it might also make gas a little more expensive for everyone.
- Refineries might use more US oil.
- This could be good for US oil companies.
- Gas prices might go up a little.
| Thing | Number/Fact |
|---|---|
| Tax on Mexican oil | 25% |
| Tax on Canadian oil | 10% |
| Canadian oil to US daily | 4 million barrels |
