US oil & gas industry slams Trump's steel tariff plans
Pipeline trade groups note that the cost for specialised steel needed to build arteries that carry petroleum would rise
Houston
THE US oil and gas industry has slammed President Donald Trump's plan to impose tariffs on imported steel, saying that the move would kill energy jobs by raising costs for big infrastructure projects.
Officials at the nation's top energy industry trade groups issued statements urging Mr Trump to reconsider the idea, and a source familiar with Exxon Mobil Corp's investment plans said that the tariff could lead the company to curtail an expansion of one of the country's biggest refineries.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
India's Vedanta misses Q4 profit estimates on lower prices
BHP targets Anglo American in bid valuing miner at US$39 billion
China's Sinopec charts global expansion with refinery in rival India's backyard
Gold trades in tight range as market focuses on US economic data
Oil settles lower as US business activity cools, concerns over Middle East ease
Orsted says Taiwan wind project to power TSMC on track for 2025 finish