President Donald Trump on Saturday said that, if needed, he will impose tariffs on oil imports in an effort to protect American energy companies and their thousands of employees.
"We're the number one producer in the world right now," Trump said before addressing Russia's pending agreement with Saudi Arabia and OPEC."I don't like it for a different reason, because it's going to hurt a lot of jobs in our country at this price. It's going to hurt a lot of jobs. Fracking technology in the United States to extract shale oil has flipped the country into a top producer of oil in the world. A new agreement between Russia-Saudi Arabia will drive the cost down, which could cripple America's energy sector.
That's when Trump stepped in Saturday to say a tariff would be imposed on that oil. Trump also took a swipe at OPEC, calling them a cartel and"illegal."
oneTRICKpony...potus45
Fake news ！No one in America is sick .We're going to meet friends. We're going to party all night .We need to get together and let everyone know that no one in America is sick .Free Americans will not be confined to their homes
Trump still does not know how tariffs work. It will help nobody. If he really wants to help, he should buy the oil and stockpile it.
People are without jobs, worried about how they are going to survive day to day, and instead of saying ‘Hey! I could not be a douche and make things worse!’, he decides being a douche is better.
Damn it. What happened to free markets? Jesus Republicans!!!! Won’t one of you Explain the President Of the US HAS to Stay out of business or they might influence markets. That would be illegal and manipulative! Appalling! Republicans fault. dumpgop
Trump is all about the money not about the people. When are the American people going to wake up and get rid of this man.
Trumps going to artificially inflate the cost of gas coming into the country during a global crisis? Normal people will be the ones to pay for this...
Trump is going to raise gas taxes on working Americans to prop up his Big Oil cronies. That’s why they were at the WH the other day, to make their socialist corporate welfare ask in person and kiss the ring.
realDonaldTrump still does not understand the concept of taxes. Actually, he doesn’t get the concept of anything. WorstPresidentInHistory 25thAmendmentNow
He's gotta be driving himself crazy on his inside..
Wouldn't it just be easier for the usa to buy and store it? I'm Sure the usa can open up another abandoned mine. Or pump it into old wells? Pay for it all with 30yr treasury bonds ;)
Guess his fluffing didn't work with either his god Putin or his strokers the Saudis. So he resorts to this. King Einstein still hasn't figured out who tariffs really hurt.....lolol...
Why would our oil companies import oil ? America produces more crude oil than we need and exports what isn’t used ! Trump trying to raise pump prices here to help oil companies offset losses from the recent drop open market value.
Like he helped the farmers?
And raise gas prices in the middle of an economic crisis.