Canadian Oil Takes Solace in Lower-Than-Feared 10% Tariff (1)

Canada’s energy patch may have temporarily dodged disaster in the trade war with the US, with President Donald Trump’s orders taxing crude at a lower rate and possibly letting producers avoid levies altogether on some shipments.

The 10% tariff on US imports of Canadian energy is less than half the 25% rate the industry had braced for, a move White House officials said was meant to limit increases in gasoline and heating oil prices. The wording of the order also leads some analysts to believe Canadian producers won’t be taxed on shipments that simply pass through the US, allowing them ...