U.S. refiners and motorists may have dodged a bullet after the U.S. suspended indefinitely the threat to impose tariffs on all imports from Mexico after reaching a deal on immigration with its southern neighbor. Since a week before Friday, June 7—when President Donald Trump said that the tariffs that would have entered into force on June 10 are indefinitely suspended —oil industry executives and lobbyists have been frantically urging state officials from the White House to the Commerce Department to the Treasury to reconsider the tariffs on imports of crude oil from Mexico. Gulf Coast refineries import heavy oil from Mexico to blend with the lighter oil to produce gasoline and other refined oil products. The tariffs that President Trump threatened at the end of May would have meant that U.S. refiners would pay more for the heavy crude from Mexico in a global market that is already short […]