Drillers Brace for Fallout from Steel, Aluminum Tariffs ...Middle East

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Drillers Brace for Fallout from Steel, Aluminum Tariffs
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Oil and gas drillers are bracing for the effects of the latest round of tariffs that President Trump has adopted in his attempts to revive domestic industries and punish U.S. trade partners for what he sees as unfair treatment for years. Luckily, the effect is unlikely to be all that serious. The latest targets of Trump’s tariff offensive were steel and aluminum—both critical metals for the oil and gas industry. The president slapped an import tariff of 25% on all steel and aluminum entering the United States, angering the European…

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