GlobalData Poll Says US Tariffs Likely to Impact Oil, Gas Sector
While campaigning for his second-term, President Trump positioned the expansion of oil and gas production as a central pillar of his agenda. Since assuming office, he has introduced an expanding set of tariffs on various commodities and nations, all geared towards protecting America’s economic interests. On the campaign trail, he suggested imposing a broad global import duty, along with tariffs exceeding 60% on Chinese goods. However, the rollout was hampered by delays and frequent policy reversals, with each new declaration triggering global backlash that amplified market volatility and created substantial obstacles to economic growth. Since the year begun, the administration…
