US President Donald Trump has announced that his country would impose steep tariffs on imported steel and aluminum to protect American producers, but critics say it would fail to boost jobs and risks starting a trade war with China.
The US oil and gas industry on Thursday pounced on Trump’s plan to slap tariffs of 25 percent on imported steel and 10 percent on imported aluminum, saying the controversial move would kill energy jobs by raising costs for big infrastructure projects.
Trump believes the tariffs will safeguard US jobs but many economists say they will destroy more jobs than they create.
“It’ll be 25 percent for steel and it’ll be 10 percent for aluminum … and it’ll be for a long time,” Trump said. “We’re going to build our steel industry back and our aluminum industry back.”
America’s top energy industry trade groups, which rely on imported steel for drilling equipment, pipelines, liquefied natural gas terminals and…