RE: FT4 Apr 2020 20:39
In the short term, tariffs would cause significant damage in usa, and raise costs for U.S. refineries, create uncertainty for global supply chains and result in increased prices for oil consumers. energy projects would be delayed due to the increased cost of important production materials not available in the America...
Then once you put such a frame of work that contravenes the free trade policy ..it would be very difficult to untangle and takes years to undo the damage.
The solution of putting tariffs to protect their shale industries would be far worse than resolving the issue of unfairness the usa is in at present.......
basically the usa wants their cake and eat it too!