Trump’s Tariffs Could Hit U.S. Oil and Gas With $50 Billion in Project Delays
Update: 2025-10-29
Description
President Trump's global tariffs are causing a stir in the American oil and gas industry, with Deloitte predicting significant cost increases for core materials like steel and piping. These hikes, coupled with the industry's reliance on international supply chains, could lead to major delays in new projects and push back on investments worth billions. Companies are now faced with the challenge of making their supply chains more resilient and less dependent on foreign sources, all while navigating tight margins and falling oil prices.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
