API President: Steel Tariffs Exclusion Process Must Demonstrate Clarity And Flexibility
Jack Gerard, President and CEO of the American Petroleum Institute, today issued a statement urging the importance of having clarity and flexibility with the Commerce Department’s newly announced exclusion process for the steel and aluminum import tariffs for U.S. companies.
“We support an exclusion process from the Department of Commerce that is both transparent and flexible,” said Gerard. “That will allow the U.S. oil and natural gas industry to continue our significant investments in producing, transporting and refining U.S. energy resources, building world-class infrastructure and creating high-paying American jobs. We expect the Department will acknowledge various market realities and take into consideration the complex supply chains of the U.S. oil and natural gas industry and the need for specialty steel not available domestically for many of its projects.”
The U.S. oil and natural gas industry relies on global steel imports for its operations, including steel for drilling, production facilities onshore and offshore, pipelines, LNG terminals, refineries and petrochemical plants.
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