A U.S. import fee on oil would reduce imports and raise the price of U.S. oil products.

Name: A U.S. import fee on oil would reduce imports and raise the price of U.S. oil products.
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Question

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If a U.S. import fee is imposed on oil, it would increase the cost of imported oil, making it less attractive to U.S. buyers. This, in turn, would reduce imports and potentially increase the price of U.S. oil products due to reduced competition.

A US Import Fee on Oil Would Reduce Imports and Raise