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Energy Tomorrow Blog

Additional Energy Tariffs Could Harm U.S., Consumers

trade  consumers  policy 

Mark Green

Mark Green
Posted September 10, 2019

Natural gas and oil, the bellwether of the U.S. economy, continue to be the collateral damage in the administration’s trade war with China – frustratingly ironic given the White House’s stated goal of bolstering American energy.

Important parts for offshore natural gas and oil drilling and production, as well as critical parts and accessories for energy projects are among products imported from China that will be subject to a 30% tariff as of Oct. 1 – an increase from the current 25% tariff.

Higher costs for these needed components could increase the cost of production and, ultimately, energy costs to U.S. consumers.

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Trade Tit-For-Tat Impacts U.S. Energy, Consumers

trade  china  energy exports 

Mark Green

Mark Green
Posted August 26, 2019

News item: China announces retaliatory tariffs on $75 billion worth of U.S. goods, including a first-ever tariffs on U.S. crude oil imports. In response, President Trump says previously announced tariffs on Chinese goods will go up. The U.S.-China trade war churns on and with it, there’s significant collateral damage.

We discussed the impacts before – the way trade restrictions threaten U.S. competitiveness and global energy leadership, the drag on the U.S. economy and how the administration’s tariffs hurt U.S. consumers, not China.  The latest trade tit-for-tat is similarly damaging. 

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Trade Restrictions Threaten U.S. Competitiveness, Energy Leadership

energy exports  trade  china 

API CEO Mike Sommers

Mike Sommers
Posted August 21, 2019

U.S. crude oil exports are reaching a record 31 countries, and exports of U.S. liquefied natural gas (LNG) are set to jump a projected 63 percent this year – boosting American jobs and adding stability to global markets.

But the ongoing trade war puts growing markets for U.S. energy exports at risk.

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U.S. LNG Exports Deliver Economic, Environmental Benefits

lng exports  trade  emission reductions  china 

API CEO Mike Sommers

Mike Sommers
Posted July 11, 2019

Exports of U.S. liquefied natural gas (LNG) are set to jump a projected 72 percent this year compared to 2018, and the emergence of the U.S. as one of the world’s largest LNG suppliers is good news for the American economy. Research shows LNG exports could generate up to 452,000 U.S. jobs, and add up to $74 billion annually to U.S. GDP, by 2035.

The environmental benefits are no less significant.

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Misguided Tariff Policies and Warning Signs for U.S. Economy

trade  consumers  economy and energy 

Mark Green

Mark Green
Posted June 27, 2019

The U.S.-China trade dispute is hurting the United States economy, consumers and the American energy revolution.

In a nutshell, that was industry’s message to the U.S. Trade Representative and Section 301 Committee during a public hearing this week in Washington. U.S. tariffs on more than 100 products – and China’s retaliation – are leaving a mark on the U.S. natural gas and oil industry, one that could have ripple effects throughout the economy.

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Overcoming the Hurdles of Tariffs

trade  consumers  energy  economic impacts 

API CEO Mike Sommers

Mike Sommers
Posted June 13, 2019

The administration’s back-and-forth trade policies and near-constant threat of tariffs have left many American businesses and consumers uneasy.

We received some good news last week as President Trump ultimately decided against imposing a new 5 percent tariff on all imported goods from Mexico. But while trade with Mexico might be on even ground for now, the already tense U.S.-China trade relations have shown no sign of letting up. Now, the Administration has threatened a fourth round (subscription publication) of tariffs on Chinese imports, this time on List 4 goods, if a trade deal with China is not reached at the G20 summit later this month.

Let’s take a moment to remember that U.S. consumers are the ones hurt by tariffs, which are a tax on goods that millions of U.S. families and businesses use every day. 

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Let’s Win on Trade: Approve USMCA, End Harmful Tariffs and Quotas

trade  canada  mexico  energy exports 

Mark Green

Mark Green
Posted May 14, 2019

Winning on trade looks like this: 12 million U.S. jobs supported in all 50 states; commerce with neighbors Mexico and Canada was nearly $1.3 trillion in 2017 – four times what it was 25 years ago; in the energy space, trade helps the U.S. natural gas and oil industry, which supports 10.3 million jobs – many of which exist thanks to free North American trade

For these reasons and more, Congress should approve the U.S.-Mexico-Canada Agreement (USMCA), the successor to the North American Free Trade Agreement (NAFTA). From an energy standpoint, the case for USMCA approval is strong.

This agreement – as NAFTA did before – would support U.S. natural gas and oil (see here and here) by fostering a fair, level playing field for record-setting U.S. energy exports.

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Tariffs Continue to Hurt U.S. Consumers, Not China

trade  china  consumers  taxes 

Jessica  Lutz

Jessica Lutz
Posted May 8, 2019

We can’t say it enough: U.S. consumers, not China, are paying the costs of the administration’s tariffs on Chinese goods – which the administration says will increase on Friday to 25 percent on $200 billion in goods, up from the current 10 percent.

As we’ve noted here, here and here, Americans are the ones hurt by tariffs, which essentially are a tax on consumer goods that millions of U.S. families use.

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Enhance and Grow U.S. LNG Trade to the EU

lng exports  trade  russia 

Mark Green

Mark Green
Posted May 3, 2019

Europe should be a growth market for U.S. natural gas. We share economic and security goals, and it’s important to the U.S. and European Union (EU) that Russia’s use of energy as a political weapon be neutralized.

All of these should foster significant growth in U.S.-EU liquefied natural gas (LNG) trade – much, much more than current levels, which are really just a sliver of the EU’s natural gas needs. There has been progress, but there is potential for the U.S. to supply even more natural gas to the EU.

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U.S. LNG is the Energy for Global Progress

lng exports  liquefied natural gas  trade  economic growth 

Dustin Meyer

Dustin Meyer
Posted March 27, 2019

We’ve focused on the numerous domestic benefits from liquefied natural gas (LNG) exports, which follow the United States’ emergence as a major LNG supplier to the world market. Now let’s explore the ways U.S. LNG can help other countries meet their most pressing energy and environmental challenges.

First, let’s note that U.S. LNG exports have grown rapidly in just a few years, with cargoes reaching 34 countries across five continents.

At the same time, global LNG demand has skyrocketed. As recently as 2009, demand totaled only 182 million metric tons per annum (MMTPA). In 2018, it hit a record 319 MMTPA, a 75 percent increase.


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