Advertisment Oil Companies Struggle to Navigate Trump on Steel Tariffs | Iran Energy News Skip to main content
IRAN Energy News Agency
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Oil Companies Struggle to Navigate Trump on Steel Tariffs

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

U.S. tariffs on foreign steel are testing oil and gas companies’ ability to navigate the Trump administration.

The American Petroleum Institute said Friday that it was disappointed in the White House’s decision to deny an exemption request for tariffs “on imported steel used in certain parts of oil and natural gas industry operations.”

“The administration’s arbitrary process to determine these exclusions lacks transparency as it’s not clear how and why certain exclusion petitions are granted or denied,” “said API Vice President for Regulatory and Economic Policy Kyle Isakower. “What is clear, though, is that implementation of tariffs on imported steel undermines domestic energy production and the future of our nation’s energy infrastructure which is critical to bringing American energy to market.”

Last week the Trump administration rejected a request from Borusan Mannesmann Pipe US for an exclusion on the 135,000 tons of Turkish steel it imports to its facility in Baytown each year.

 

News Code: 
13209

Categories

Join us on Telegram Channel."Energy Today"
Google +
Twitter
Facebook
Google Translate
Instagram
Digg
Telegram
Blogger
Linkedin
Pinterest

Add new comment

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Fill in the blank.
49