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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

Published Sun, Mar 4, 2018 · 09:50 PM

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.

Mr Trump said last Thursday that he would impose tariffs of 25 per cent…

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