Suncor Energy CEO thinks it’s not going U.S. will impose border tax on Canada


CALGARY – The CEO of Suncor Energy mentioned he thinks it’s not going that the United States will usher in a border adjustment tax as has been recommended by means of some Republican lawmakers.

Steve Williams mentioned business with Canada doesn’t seem to be a big fear for U.S. President Donald Trump, including that there are insurance policies south of the border comparable to company tax discounts that may receive advantages Suncor.

He additionally says the appointment of former ExxonMobil CEO Rex Tillerson as secretary of state is encouraging as he’s aware of the oilsands trade and acknowledges that Canadian oil and gasoline is necessary to the American financial system.

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In this Jan. 11, 2017, report picture, Secretary of State Rex Tillerson testifies on Capitol Hill in Washington.

AP Photo/J. Scott Applewhite, File

Williams’s perspectives on the opportunity of a border adjustment tax are counter to these of economic analysts who say declining values in Canadian power shares for the reason that starting of the 12 months mirror investor considerations that the trade shall be hit arduous by means of this kind of levy.

The U.S. is Canada’s biggest marketplace for oil and gasoline.

Global News

Published on: nine February 2017 | five:44 pm, as “Suncor Energy CEO thinks it’s unlikely U.S. will impose border tax on Canada” on GLOBALNEWS CANADA. (Here is a source link for the Article’s Image(s) and Content)

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