Trump says oil and gas tariffs may come around Feb 18

Oil and Gas News from OilGasDaily.Com

Trump says oil and gas tariffs may come around Feb 18

The route 'East' starts westward.

Trump says oil and gas tariffs may come around Feb 18
by AFP Staff Writers
Washington (AFP) Jan 31, 2025

US President Donald Trump said Friday that China, Canada and Mexico would not be able to forestall Washington's fresh tariffs due this weekend, adding that levies on oil and gas could come around mid-February.

Trump has pledged to impose 25 percent tariffs on Canada and Mexico -- and a 10 percent rate on China -- on Saturday, pointing to the flow of deadly fentanyl into the United States, while flagging US trade deficits with all three countries.

"Eventually we're going to put tariffs on chips, we're going to put tariffs on oil and gas," he told reporters in the Oval Office.

"That'll happen fairly soon," he said, adding this could happen "around the 18th of February."

Trump also vowed "to put a lot of tariffs on steel," saying previous duties were relatively small compared to the levies he has in mind.

Pharmaceuticals and copper will also be targeted by future tariffs, he said.

Trump added that he had a "good meeting" with Nvidia boss Jensen Huang.

Related Links
All About Oil and Gas News at OilGasDaily.com

Subscribe Free To Our Daily Newsletters

RELATED CONTENT

The following news reports may link to other Space Media Network websites.

Shell annual profit drops to $16 bn as oil prices fall
London (AFP) Jan 30, 2025
British energy giant Shell on Thursday announced a 17-percent drop in annual net profit owing to weaker oil and gas prices as well as asset write-offs. Profit after tax fell to $16.1 billion in 2024, the company said in an earnings statement. Revenue dropped nearly 11 percent to $289 billion in a year that saw Shell backtrack on some key climate targets. Oil prices came under pressure from weakness in the Chinese economy while the cost of gas has fallen heavily since soaring after the invasi ... read more

Zero Emissions Process for Truly Biodegradable Plastics Developed

New Green Phosphonate Chemistry Explored

Turning farm waste into sustainable roads

Chemical looping turns environmental waste into fuel

A look into the dark

Low-carbon energy investment hit record $2.1 tn in 2024: report

Enhancing Durability and Efficiency in Tin-based Perovskite Solar Cells

New Technique Tracks Dark Excitons for Future Solar Cells

Green energy projects adding to Sami people's climate woes: Amnesty

New Study Enhances Trust in Wind Power Forecasting with Explainable AI

Trump casts chill over US wind energy sector

US falling behind on wind power, think tank warns

Aging reactors require a concrete solution

GE Hitachi selects BWXT to manufacture reactor pressure vessel for BWRX-300

US utilities collaborate to accelerate GE Vernova's BWRX-300 deployment

SMRs and Advanced Nuclear Reactors in 2025: Adapting to New Energy Demands

UK prosecutors defend jail terms of environmental activists

UN confirms US demand to withdrawal from Paris climate deal

Billionaire Bloomberg to fund UN climate body after US withdrawal

242 mn children's schooling disrupted by climate shocks in 2024: UNICEF

EU vows 'action plan' for beleaguered auto sector

GM reports loss on China hit, projects higher 2025 profits

Tesla, BMW take EU to court over China EV tariffs

Dutch researchers employ unique e-bike to make cycling safer

Iraqi archaeologists piece together ancient treasures ravaged by IS

Declassified files show UK anger at Chirac over Iraq

Iraq's prohibition zeal threatens Baghdad's boozy subculture

Iraq says to begin repatriating Syrian troops who fled offensive

Kim Jong Un vows to 'indefinitely' continue North Korea's nuclear weapons push

Iran says US should win back Tehran's trust for nuclear talks

China wants to see US, Russian nuclear disarmament efforts before talks

Iran deploys AI-equipped missiles during drills in Gulf

Subscribe Free To Our Daily Newsletters

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.