API warns of consequences from denying steel import tariff exemption

The Trump administration’s latest decision to deny exemptions from tariffs on imported steel used in domestic oil and gas operations could undermine domestic energy production and jobs, the American Petroleum Institute warned on July 13.

“Further, the administration’s arbitrary process to determine these exclusions lacks transparency as it’s not clear how and why certain exclusion petitions are granted or denied,” API Vice-Pres. for Regulatory and Economic Policy Kyle Isakower said.

“What is clear, though, is that implementation of tariffs on imported steel undermines domestic energy production and the future of our nation’s energy infrastructure which is critical to bringing American energy to market. Further, increasing the costs of American energy production will hurt America’s national security,” he maintained.

Contact Nick Snow at[email protected].