Steel

Republican Gov. Greg Abbott of Texas, a supporter of President Trump, on Thursday said the administration’s new tariffs on steel and aluminum imports could threaten future economic growth in the state and across the country.

Natural gas, oil and natural gas liquids (NGL) midstream infrastructure development in the United States and Canada will continue at a significant pace through 2035, with an average $44 billion investment needed each year, according to a report released Monday by the Interstate Natural Gas Association of America’s (INGAA) INGAA Foundation.

In another sign of a developing international trade war, the Trump administration has enacted a 25% tariff on a host of products imported from China, including parts used for offshore oil and natural gas drilling and production platforms.

Mexico’s plans to retaliate against the Trump administration for its decision last week to impose tariffs on steel and aluminum imports started to come into focus Tuesday.

Mexico said it would follow the European Union’s (EU) lead and file legal proceedings with the World Trade Organization (WTO) over the Trump administration’s decision last week to impose tariffs on steel and aluminum imports.

Fears of an international trade war have erupted after the Trump administration prepared to impose at midnight Friday (June 1) twice-delayed tariffs on steel and aluminum imports from the three leading U.S. allies — Mexico, Canada and the European Union (EU).

Fears of an international trade war erupted Thursday after the Trump administration said it would impose at midnight Friday twice-delayed tariffs on steel and aluminum imports from three leading U.S. allies — Canada, Mexico and the European Union (EU).

One day before controversial new tariffs on steel and aluminum imports on several U.S. allies were to take effect, the Trump administration on Monday extended trade negotiations with Canada, Mexico and the European Union (EU) for another 30 days.

In the final hours before new tariffs on steel and aluminum imports were to take effect, the White House late Thursday issued a trio of proclamations to fine tune the tariffs, exempting several allied nations with whom negotiations were ongoing.