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The CEO of one of the largest pipeline companies in North America has warned that the American customs tariff for Canadian and Mexican oil will support inflation and threaten energy security, as fears of the global trade war mountain.

Francois Boeni, from TC EnergyI told the financial times in an interview that the American customs tariff would reduce efficiency and impose an abnormal barrier to the cross -border trade. He added that the three countries instead should remove the organizational obstacles to build infrastructure as a way to enhance liquefied natural gas exports and provide electricity to help fuel the growth of artificial intelligence.

The customs tariff “is usually inflated by its nature because you do not provide production from the most efficient point to the point of demand, and also. He said that preventing cooperation that can help in energy security.”

Although the United States is the largest in the world oil The product, many aging refineries were built in the country to deal with heavier grades of raw, such as the type produced in Canada, instead of the lighter degrees in the Texas fields.

Restricting imports risks that prompted US gasoline prices and reaching the profits of American refining refineries and Canadian oil producers.

“Canada and Mexico can help the United States its goal in US energy dominance, not only with regard to the ability to withstand costs and its local markets, but allow the free world to reduce its dependence on Russian energy,” said Boyer.

The imposition of 10 percent of the customs tariffs on Canadian and Mexican energy imports on Tuesday sent shock waves through the power industry in North America, especially in Canada, which can accommodate 4 ml barrels per day from crude oil refineries to the United States.

Industry groups had extensively pressured the administration of US President Donald Trump to exclude energy from tariffs, but only managed to secure a rate of 10 percent less than 25 percent imposed on goods.

Poirier said that TC energy will be isolated from the near -term definitions, as a monthly fee has been paid regardless of gas prices or the amount of natural gas that traveled along its tubes.

But he warned that in the long run, the financial health of customers, which was the key to business and investment, could be affected.

Canada announced on Tuesday a wave of revenge definitions on more than $ 100 billion in American goods, while the head of the Ontario Province threatened to cut off electricity exports to the United States – which may increase the prices of consumers in the northern United States.

Boye said that the American definitions revealed Canada’s strong dependence on the United States as a market for its energy exports and highlighted Ottawa’s need for diversification to other international markets. He added that this can be done by expanding the LNG industry in the country and building more oil pipelines to the coast to ship Canadian crude to the global markets.

TC Energy, its headquarters in Calgary, runs 96,000 km of natural gas pipelines throughout North America. It also provides gas to Long Canada, the country’s first main export station, which can help diversify its energy industry away from the United States when the operations begin later this year.

Poirier said that the company was hoping to double the current pipeline capacity to Lng Canada.

Last year, TC Energy unloaded the oil pipeline section after winning the organizational approval to build the Keystone XL, an American pipeline from the United States across the border canceled by former US President Joe Biden on environmental ground when he took office.

Last week, Trump called for the construction of the pipeline and suggested that he remove all organizational barriers to enable them to happen.

Poirier said that although TC Energy is no longer in the field of oil pipelines, he believed that there was a possibility of 1 million to 2 million barrels per day of the additional export capacity from Canada to the United States.

He said that Canada “can help serve global markets, both for crude oil and natural gas, and increase our connections to the United States to improve its ability to withstand and reliability.”

“Cooperation between the three countries allows each country more than it can individually.”