Items Tagged with 'tariff'

ARTICLES

Uncertainty Looms for USMCA to Pass U.S. Congress, Say Analysts

A new trade deal between the United States, Canada and Mexico is expected to have a modest impact on the oil and gas industry, and reduced uncertainty between the trading partners could lead to an eventual lifting of tariffs on steel and aluminum imports, according to analysts. However, they warned the ongoing trade dispute with China could worsen. Read More

Escalating Sino-U.S. Trade War Ensnaring U.S. LNG

Less than 24 hours after President Trump late Monday announced tariffs on $200 billion worth of Chinese products, Beijing responded in kind with $60 billion worth of taxes on American goods, including a 10% tariff on liquefied natural gas (LNG), as the Sino-U.S. trade war continued to escalate. Read More

IPAA Urges White House to Modify Steel Import Trade Policies

As the oil and gas industry grapples with tariffs on imported steel and a byzantine process for bypassing them, the Independent Petroleum Association of America urged the Trump administration to "understand and address" the unintended consequences of both actions, especially the increased burden on the industry's small businesses. Read More

China Strikes Back, Slaps 25% Tariff on $16B of U.S. Goods

Despite the resumption of low-level Sino-U.S. trade talks in Washington, China on Thursday imposed a 25% tariff on a range of American-made goods valued at $16 billion, including coal and petroleum products, in retaliation for the Trump administration levying a tariff of similar size and scope on the same day. Read More