President Donald Trump’s plan to impose a 25% tariff on U.S. imports of steel and 10% on aluminum has been met with harsh criticism worldwide. European Commission President Jean-Claude Juncker has threatened to counter with tariffs on U.S. products.
The gas and oil industry has also been critical. Jack Girard, head of the American Petroleum Institute said that “the U.S. oil and natural gas industry in particular relies on specialty steel for many of its projects that most U.S. steel makers don’t supply.”
Plains All American CEO Greg Armstrong parlayed that sentiment saying, “…Certain types and sizes of steel pipe, as well as valves and other equipment, were only available outside the Unit
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