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Trump's Tariffs Threaten Oil Costs and Supply Chains

10/30/2025

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Summary

Story summary

U.S. President Donald Trump’s tariffs could raise costs and disrupt supply chains in oil and gas, per a Deloitte report.
Tariffs on steel and aluminum could lift costs by 4% to 40%, affecting more than $50 billion in investment.
Nearly 40% of tubular goods are sourced from abroad, underscoring import reliance.
Tariffs may raise crude oil costs for refiners and widen price spreads, creating economic uncertainty that could dampen investment.

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Story summary

U.S. President Donald Trump’s tariffs could raise costs and disrupt supply chains in oil and gas, per a Deloitte report.
Tariffs on steel and aluminum could lift costs by 4% to 40%, affecting more than $50 billion in investment.
Nearly 40% of tubular goods are sourced from abroad, underscoring import reliance.
Tariffs may raise crude oil costs for refiners and widen price spreads, creating economic uncertainty that could dampen investment.