Bracewell’s Josh Zive discussed with S&P Global Commodity Insights the unpredictable outlook that faces the US oil industry if President-elect Donald Trump follows through on newly promised blanket tariffs on imports from Canada and Mexico.
“These would obviously be very economically disturbing tariffs if they were put into place,” Zive said. “This is what, probably initially, ends up persuading them not to impose them – the energy sector is one that’s going to be hit most dramatically by these sorts of tariffs.”
Zive added that consultation with the energy industry could convince the incoming administration to step back from the tariffs entirely, citing the uncertainty of exemptions and the time cost of waiver applications to companies seeking to avoid higher import prices.
