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- President Donald Trump's 25% steel and 10% aluminum tariffs on a variety of countries have pushed up prices, leading to cost inflation for oil and gas projects.
- The application system for duty waivers is cumbersome, time-consuming, and arbitrary.
- China is likely to slap tariffs on oil and gas as Trump moves further in trade war.
Trump’s trade war is taking a toll on the oil and gas industry.
There has been some eleventh-hour drama over the renegotiation of NAFTA, but the energy industry is likely going to dodge a bullet on that front, with the most contentious issues revolving around agriculture and automobiles.
See the rest of the story at Business Insider
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SEE ALSO: Trump's trade war is causing China to consider merging 2 of its biggest mobile-phone carriers
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