The 25% tariffs could increase the price of Canadian crude oil from about $63 per barrel to $80, according to De Haan. The refineries that serve Wisconsin rely primarily on Canadian crude oil, so within a few days of the tariffs kicking in, prices at the pump could rise between 20 and 50 cents a gallon.

Mexico and Canada are Wisconsin’s two largest trading partners, supporting a combined $25 billion in cross-border trade in 2023.