Steel tariffs won’t help Trump achieve his goal of ‘American energy dominance,’ oil industry warns

“Unleashing U.S. energy production is a pillar of President Donald Trump‘s agenda, but industry groups are warning that his plan to slap tariffs on steel imports will sabotage his quest for “American energy dominance.”

Trump said Thursday he will soon announce tariffs on steel and aluminum imports, telling reporters his administration plans to put a 25 percent fee on overseas steel. The news sent stock markets reeling and sparked fears of a trade war.”

Watch the video at CNBC.

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