API President and CEO Jack Gerard today said that the Trump administration’s action on steel tariffs is inconsistent with its vision of a strong U.S. energy and economic future.
“We are disappointed by today’s action on steel and aluminum tariffs, and believe it is inconsistent with the administration’s vision on U.S. energy policy and economic growth,” Gerard said. “We remain concerned that implementing tariffs on specialty steel and aluminum, which many U.S. steelmakers do not supply in the quantities and timelines needed for projects could harm America’s energy renaissance and jobs. Steel and aluminum are central to nearly every part of the U.S. energy value chain – from on and offshore development, to pipelines, refineries, and the local manufacturing facilities that support them.
Despite the concerns, Gerard added that API is committed to doing whatever it takes to minimize the impact of the tariffs on American energy development and infrastructure projects.
“We will work with the administration for maximum flexibility and consideration in how today’s proclamation is applied to minimize the impacts to U.S. investment in infrastructure, energy development, and building new facilities for America’s future.”