The health of the US economy is looking less and less stable by the day. Layoffs are rising. Consumer spending — the backbone of the economy — unexpectedly dropped in January. Consumer confidence has plunged.

Read: Here are all the Trump tariffs hitting the economy in the coming weeks That’s likely to have an impact on the U.S., which imported around 6.28 million barrels per day of crude oil in 2022, more than the 3.

President Donald Trump will enforce tariffs on Tuesday against Canada and Mexico, but at what percentage, he has yet to decide, according to Commerce Secretary Howard Lutnick.