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Users of new oil pipeline to pay for cost of Trump tariffs on steel imports

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

Trade war | Donald Trump

Reuters  |  Houston 

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 U.S. 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 U.S. 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. 13:24 IST