Similar Stories to Trump's Steel Tariffs Could Hit The Epicenter Of The Us Oil Industry on Bing News

Andrew Burton/Getty Images President Donald Trump granted several countries temporary exemptions from steel tariffs. If Trump imposes those tariffs, it will burden Texas oil and gas producers through higher production costs. The Texas Alliance of Energy Producers released a statement last week opposing the tariffs. The imposition of steel import tariffs and quotas will directly burden Texas oil and gas producers with higher costs for oilfield steel goods, which could result in job losses, reduced activity, and smaller companies struggling to absorb additional costs, the Texas Alliance of Energy Producers (TAEP) said in comments on the U.S.

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