Robert Stewart
North America Correspondent at Upstream
Opinion

Trump’s ‘liberation day’ tariffs do not set the oil and gas industry free

Industry was already frustrated with Trump’s tariff moves before Wednesday’s ‘reciprocal’ reveal

US President Donald Trump ran on a campaign of "drill, baby, drill", but the plummeting price of oil and his sweeping tariffs have left the industry in a dour mood.
US President Donald Trump ran on a campaign of "drill, baby, drill", but the plummeting price of oil and his sweeping tariffs have left the industry in a dour mood.Photo: RYTIS DAUKANTAS/UPSTREAM
Published 4 April 2025, 09:22Updated 4 April 2025, 09:22
United StatesDonald TrumpAmerican Petroleum InstituteVenezuelaCanada