Following the declaration by U.S. President Donald Trump to impose tariffs on Canada, there is growing public sentiment in Canada that an export tax should be levied on oil exported to the United States.
Bloomberg News reported on the 6th that in a poll conducted in Canada, 82% of Canadians supported the idea of imposing an export tax on oil exported to the U.S. when asked, "What do you think about imposing an export tax on oil exported to the United States?"
Bloomberg News commissioned NANO Research Group to conduct a public opinion poll from the 31st of last month to the 3rd. This poll was conducted before President Trump announced a one-month delay in imposing tariffs on Canada.
In this poll, 79% of respondents expressed their support for imposing retaliatory tariffs by Canada, even if it means accepting domestic price increases, if the U.S. imposes tariffs. While the oil export tax had previously been a subject of controversy in Canada, it is now emerging as a countermeasure in response to the U.S.'s intention to impose tariffs on Canada.
The United States imports the majority of its oil from Canada, with 52% of its total oil imports coming from there. In particular, the dependence on Canadian oil is high in the central regions of the United States. If Canada imposes an export tax, the U.S. petrochemical industry will also not be able to escape the impact.
However, recently, the U.S. and Canada have agreed to suspend the imposition of tariffs for 30 days. The two countries decided to postpone the implementation of the executive order on universal tariffs, premised on supplementary measures regarding border issues.