President Donald Trump has done much to support the U.S. oil and gas industry since moving into the White House in 2017, but his approach to trade policy threatens to undo much of the good.
Trump escalated the trade war with China when he announced tariffs on an additional $300 billion worth of imports earlier this month. Beijing retaliated this past week with new tariffs on $75 billion worth of U.S. goods, including a 5 percent tariff on crude oil imports beginning September 1.
