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U.S. Natural Gas Prices Surge On Canada Tariffs, Massive Withdrawals

“The first reason prices are higher is the 10 percent tariff President Trump put in place on Canadian energy imports,” David Seduski, the head of North American gas at Energy Aspects, told Rigzone. “The U.S. imports approximately five to seven percent of its daily gas supply from Canada (depending on the time of year). A 10 percent tariff raises the cost of those imports by about $0.20 per million British thermal units (MMBtu),” he added.