Article externe

Why and how US and Canadian energy markets are so deeply intertwined

<name>Stefano Tijerina, Senior Lecturer of Management, University of Maine</name> <foaf:homepage rdf:resource="https://theconversation.com/profiles/stefano-tijerina-1286882"/>· 19 octobre 2026

The U.S. and Canadian economies are closely linked, especially around energy. J Studios/DigitalVision via Getty Images The 50% tariffs imposed by President Donald Trump’s administration on imports from Canada in July 2026, and the reciprocal 50% tariffs imposed by Prime Minister Mark Carney’s admin…

Résumé

Energy trade dependency

The United States and Canada are deeply dependent on each other for energy.

Canada supplies half of all petroleum imports to the U.S., making it the biggest foreign supplier of oil.

Additionally, Canada is the only direct foreign supplier of electricity to the U.S., with 34 major transmission points moving power across the border.

In 2024, 84% of Canadian oil production and 76% of its electricity production were exported to the U.S.

This interdependence means that tariffs on energy, such as the 50% tariffs imposed by the U.S.

and Canada in 2026, were excluded because they would severely damage both economies.

For example, Canada could disrupt electricity supplies to the U.S., potentially leaving thousands of Americans without power, as threatened by Ontario’s Premier Doug Ford in August 2026.

Lire l'analyse complète en 6 points →

Lire l'article