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US shale shippers will pay surcharge for Trump's tariffs on steel

The Trump administration last year imposed tariffs on imported steel and aluminum to shield US producers from overseas competition and protect jobs

Topics
US shale oil | Donald Trump | Trump tariffs

Reuters 

Plains All American Pipeline LP said on Friday it will tack on a fee for users of a new oil pipeline to pay for the cost of the Trump administration’s tariffs on imported steel, with analysts and traders calling it the first US energy pipeline operator to do so. In addition to the steel levies announced last year, President Donald Trump on Thursday said he plans to expand US tariffs to $300 billion in Chinese imports, escalating a trade dispute that has increased costs for American consumers of everything from steel to electronics to shoes. Houston-based Plains will begin ...

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First Published: Sat, August 03 2019. 20:45 IST
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