Jack Gerard, president and chief executive officer of the American Petroleum Institute, issued a statement on behalf of its oil and gas industry members speaking against the decision by the White House to activate steel tariffs on Canada, Mexico and the EU. The tariffs became effective at midnight June 1, 2018.
“We are deeply discouraged by the administration’s actions to impose tariffs on our three closest trading partners – Canada, Mexico, and the European Union – and view this as a step in the wrong direction.”
Gerard said that the new tariffs would disrupt the U.S. natural gas industry’s supply chain and would threaten the domestic production of oil and gas and natural gas liquids, which have reached peak production levels since 1949.
Gerard hopes that President Trump’s administration will consider granting “API’s member companies product exclusions from steel tariffs and quotas in the ongoing Department of Commerce process” in an attempt to lessen the impact on the U.S. oil and natural gas industry.
API represents all aspects of the oil and natural gas industry that supports 10.3 million jobs.
