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Trump Trade War - US pipeline companies seek exemption

Steel News - Published on Wed, 20 Jun 2018

Image Source: Benzinga
World Pipelines reported that several major US energy companies including Plains All American Pipeline, Hess Corp and Kinder Morgan Inc are among many seeking exemptions from steel import tariffs as the US ratchets up trade tensions with exporters including China, Canada and Mexico. There have been nearly 21 000 requests overall for exclusions submitted to the US Commerce Department since the Trump administration imposed levies this year. Of those, more than 500 petitions involve pipes and related materials.

Initial decisions are expected this month, offering the first clues as to how the administration will balance an agenda favouring oil and gas exports while also supporting the US steel and aluminium industries.

The pipeline industry could face higher costs from tariffs as about 77% of the steel used in US pipelines is imported, according to a 2017 study for the pipeline industry.

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Posted By : Ratan Singh on Wed, 20 Jun 2018
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