The American Petroleum Institute on Monday called on the Commerce Department to show deference to affected industry groups when it considers exemptions to President Trump’s 25 percent tariff on steel, just moments after Commerce issued guidance saying it would consider exemptions for products that are “unmet by domestic production or on specific national security considerations.”
“We support an exclusion process from the Department of Commerce that is both transparent and flexible,” API CEO Jack Gerard said. “We expect the department will acknowledge various market realities and take into consideration the complex supply chains of the U.S. oil and natural gas industry and the need for specialty steel not available domestically for many of its projects.”
