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The US has become increasingly dependent upon Canada for crude oil, diversifying its supply. It is unclear if this was due to 911 or increasing Canadian supplies. Imports of Saudi and Canadian crude to the US look like mirror images. Compare to imports of crude from Russia. Imports of uranium from Canada may be impacting US imports of uranium from Russia (see further below). Who could have a big win if Trump and Trudeau fight? Apart from the chaos? Either Saudi or Russia or any other crude oil producers could win big if Trump uses tariffs to block imports of Canadian crude, for instance. He can pretend that it’s for US dairy farmers. However, the US exports three times more dairy products to Canada than it imports! Recall that both Saudi Aramco and Rosneft are government owned entities. Rosneft is majority owned by Russia, but almost 20% owned by BP, however.
Imports from Canada are dominated by Crude Oil at $50 billlion and Passenger Cars new and used at $43 billion.
Exports to Canada are dominated by $23 billion in “other parts and accessories of vehicles; Passenger cars at $14.3 billion and trucks, buses, special purpose vehicles” at $16 billion. The US exports $6.5 billion in crude to Canada.
Dairy and eggs to Canada from the US: $368 million.
Dairy and eggs from Canada to the US: $125 million.
Yes, that’s right. The US is exporting three times more dairy and eggs to Canada as imported.
See: US Exports to Canada: https://www.census.gov/foreign-trade/statistics/product/enduse/exports/c1220.html
And: US Imports from Canada https://www.census.gov/foreign-trade/statistics/product/enduse/imports/c1220.html
US Top is a top oil and gas Producer but also top Consumer:
Plus the US is exporting crude: https://www.eia.gov/todayinenergy/detail.php?id=36232