(Bloomberg) -- US President Donald Trump’s tariffs on imports from Canada may soon be felt in New England in the form of higher home-heating bills.
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Irving Oil Ltd., a refiner based in the eastern Canadian province of New Brunswick, is notifying some customers in New Hampshire that the cost of the tariffs will be added to their propane prices once they go into effect, according to a notice provided to Bloomberg by Douglas Irwin, an economics professor at Dartmouth College.
“This tariff will result in price increases for our US customers and have impacts on energy security and the broader economy,” an Irving spokesperson said in an email.
Trump on Saturday imposed a 10% tariff on US imports of Canadian energy products and a 25% duty on other goods from the country. Those levies are set to take effect at 12:01 a.m. Washington time on Tuesday.
Maine Senator Susan Collins, a Republican, said on Friday that tariffs would “impose a significant burden” on her state, noting that 95% of the heating oil that’s widely used in Maine is refined in Canada. The country also provides all the jet fuel and diesel for the Bangor air base in the state.
(Addds Irving comment in third paragraph)
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