About one-sixth — 16% — of global gasoline exports originates in the U.S. This critical export provides Americans with jobs and eases the U.S. trade deficit. It also keeps other countries dependent on us — the kind of economic leverage President Trump is always talking about.

The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.

Trump’s new tariffs on Canadian and Mexican oil could raise U.S. refining costs, disrupt supply chains, and drive up fuel prices. Here’s how they impact energy markets.