Tariffs could have unintended consequences

Saturday, April 14, 2018

The United States is in the enviable position of being the global leader in the production of oil and natural gas which has led to job growth, benefits to U.S. consumers and enhancement of national security. Recent actions by President Trump and his administration have placed new tariffs on steel and aluminum imports which could produce unintended consequences that adversely impact U.S. energy security. Many aspects of natural gas and oil development (including the construction of production facilities, pipelines, liquefied natural gas terminals, refineries and petrochemical plants) rely upon specialty steel that is not available domestically.

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