U.S. energy and metals production could see a limited boost in the short run as a result of U.S. President Donald Trump's tariff plans, but a potentially bigger boost over the longer run from broader "commodity dominance" policies,

Goldman Sachs said on Friday a proposed 10% US oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on US refiners due to limited alternative buyers and processing capabilities.

Goldman Sachs said that the “reciprocal tariff” plan is expected to impact India in three ways: a) Country-level reciprocity, b) Product-level reciprocity, and c) Reciprocity including non-tariff barriers.

Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.

The 10% tariff on oil proposed by Donald Trump in the US could cost foreign producers $10 billion annually. This is due to the reliance of Canadian and Latin American heavy oil on American refineries,

Explore how US tariffs could reduce Indias GDP by up to 0.6 percentage points, affecting trade dynamics and export relationships.

U.S. energy and metals production could see a limited boost in the short run as a result of U.S. President Donald Trump's trade and foreign policy plans, but a potentially bigger boost over the longer run,

Goldman Sachs estimates that a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, particularly impacting Canadian and Latin American crude exporters reliant on U.S. refiners.