How Trump’s Tariffs are Impacting Offshore Oil and Gas Operators
The recently announced tariffs by the Trump administration are likely to have an adverse effect on most industries. We look at how the oil and gas industry is likely to be impacted, with the offshore activities at the Gulf of Mexico serving as a vivid example. The specific tariffs that are impacting oil and gas firms in the Gulf of Mexico include the 25% levy imposed on nearly every import from Mexico and Canada. Energy products from Canada were slapped with a 10% levy and imports from China also had a 10% levy imposed on them. Additionally, tariffs on aluminum…
