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Bloomberg Surveillance TV: February 3, 2025

Bloomberg Surveillance

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Tariff Impacts on U.S. Oil Refining

This chapter examines the proposed 10% and 25% tariffs on crude oil imports and their effects on U.S. refining margins, specifically in the Midwest and Gulf Coast. It discusses how the Canadian dollar may alleviate some tariff pressures and contemplates potential sources for heavier crude if Canadian and Mexican supplies are restricted. Additionally, the chapter explores the broader implications of these tariffs on inflation, economic growth, and the overall refining market amid global dynamics.

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