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- Energy Secretary Chris Wright said that it “certainly is possible” that the U.S. could reach an agreement with Canada that avoids tariffs on gas and oil, but “it’s too early to say.”
- Trump paused until April 2 tariffs on Mexican and Canadian imports that comply with the United States-Mexico-Canada Agreement. In addition to broad duties of 25% on goods from these nations, Trump also originally imposed a lesser 10% tariff on energy imports from Canada.
- U.S. crude oil and Brent closed lower by more than 1% on Monday.