Supply Chain Analyst Warns About Possible Tariffs

Fortune has quoted Associate Professor of Supply Chain and Business Analytics Shaya Sheikh, Ph.D., on the challenges that may arise from the White House Administration’s proposed tariffs on international goods. Sheikh explains that the suggested 25 percent tariff on Canadian imports would hit the crude oil market hard, noting that crude oil imports from Canada make up more than 20 percent of the oil processed by U.S. refineries, with 70 percent of imported Canadian oil going to refiners that supply the Midwest.

“Many could struggle to find a direct replacement for Canadian oil or face paying a higher price if that oil is subject to tariffs,” he says.