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Trump’s protectionism spooks energy industry

March 2, 2018

Steel tariffs could slow booming pipeline and downstream infrastructure construction and feed producer inflation

America’s oil and gas industry is steeling itself for Trump’s tariffs.

The White House has kept details of the new taxes close to the vest, but signs so far point to a 25% tariff on imported steel and 10% on aluminum starting next week. Carve outs could be made in the final ruling that lessens the fallout, but if the blanket tariffs go ahead it will hit the energy business particularly hard.

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