Canadas energy industry warns thousands of jobs at risk from trade war with U.S. [Video]

After weeks of uncertainty, Canada’s energy sector received the news it had been fearing — the U.S. will soon start imposing tariffs on Canadian oil and gas imports.

On Friday, President Donald Trump said he would probably set tariffs on Canadian oil and gas at 10 per cent.

While that’s less than originally feared, people who work in Canada’s energy industry say it’s still significant and will have an impact on both sides of the border.

Experts say that despite the tariffs, Americans still need Canada’s oil and gas because nearly two-thirds of U.S. oil imports come from north of the border and many of the refineries in the U.S. midwest are designed specifically to process heavy Canadian crude.

“Those refineries are very dependent upon Canadian crude. So, 4 million barrels a day — it’s about one in four barrels that are used by U.S. consumers as gasoline and diesel. So, you know, the refineries will have to …