Tariffs on Canada, Mexico to hit some US refiners' margins: S&P Global
The new tariffs on Canada and Mexico could raise the cost for US refining firms that process Canadian and Mexican crude slates, S&P Global Ratings said. It feels this will lead to higher costs for US refined products and squeeze refining margins. Certain speculative-grade rated refiners concentrated in the US Midwest could see credit ratios and liquidity deteriorate if tariffs continue longer.
The new tariffs on Canada and Mexico could raise the cost for US refining firms that process Canadian and Mexican crude slates, S&P Global Ratings said.
It feels this will lead to higher costs for US refined products and squeeze refining margins.
Certain speculative-grade rated refiners concentrated in the US Midwest could see credit ratios and liquidity deteriorate if tariffs continue longer.
