REPORT: Oil industry stands up against Trump’s tariffs


As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by WASHINGTONEXAMINER.COM:

Energy groups are pressing the Trump administration to weigh the economic harm of imposing tariffs on Chinese goods, while groups focused on transportation say China’s aggressive trade tactics must be a top concern.

“We’re trying to take a long-term view of this, versus the short-term, and it’s hard to get other industries and groups aligned with ignoring the short-term gain for the long-term protection of a U.S. industry,” said Erik Olson, vice president of the Rail Security Alliance, a relatively new trade group focused on the national security implications of federal policies on the rail-freight industry.

The article goes on to state the following:

Olson said his group’s biggest concern is the encroachment of Chinese companies on the U.S. freight market.

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