What Trump’s Tariffs Mean For Global Oil And Gas

ArticleEnergyMarch 26, 2018 - 8:05:46 AM

President Trump is about to escalate the brewing global trade war with another round of tariffs, although he appears to be narrowing his sights on just China.

The Trump administration announced a suite of tariffs that could affect $60 billion worth of Chinese products, a move intended to step up pressure on what the administration argues is China’s efforts at intellectual property theft. The Washington Post reported that after President Trump’s aides brought him a package of $30 billion worth of tariffs on China, he told them to double the figure.

The move will likely spark retaliation, and it would come shortly after the administration imposed steel and aluminum tariffs, which affect much more of the world than just China...

Source:oilprice.com

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