Following President Trump’s announcement on steel and aluminum tariffs today, American Petroleum Institute President and CEO Jack Gerard emphasized the need to ensure U.S. oil and natural gas investments in American infrastructure, facilities and jobs can continue.
“The actions taken today are inconsistent with the Administration’s goal of continuing the energy renaissance and building world class infrastructure,” said Gerard. “The U.S. oil and natural gas industry, in particular, relies on specialty steel for many of its projects that most U.S. steelmakers don’t supply.
Gerard also said that President Trump’s announced intent to impose a 25 percent tariff on imported steel and a 10 percent tariff for imported aluminum, regardless of country of origin, could create confusion in supply chains, unnecessary costs and impacts to U.S. capital intensive projects, and threaten high-paying industry jobs.
“Consideration must be given to continue the unprecedented and historic energy renaissance that our industry has driven through important investments that have driven job creation and economic growth,” Gerard said.
America’s oil and natural gas industry relies on global steel imports for the majority of its operations, including steel for drilling, production facilities onshore and offshore, pipelines, LNG terminals, refineries and petrochemical plants.