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Trump’s Tariffs Could Hit U.S. Oil and Gas With $50 Billion in Project Delays
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Why This Matters
Deloitte reports that Trump's tariffs could significantly impact the U.S. oil and gas industry, potentially causing $50 billion in project delays due to increased costs from disrupted international supply chains. The industry relies heavily on imported materials, making it vulnerable to tariff-related cost increases.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The tariff offensive that President Trump is leading against trade partners across the world will deal a blow to the oil and gas industry next year, according to a report by Deloitte. The consultancy, as quoted by Reuters, noted that the oil and gas industry relies on international supply chains that stand to be affected by tariffs, leading to cost increases of between 4% and 40% for various materials and components such as steel and piping. The U.S. oil and gas industry already warned about the adverse effect of tariffs on costs, citing a certain…
Original article published by
OilPrice.com
on October 29, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.