President’s Tariffs Will Increase Pipeline Construction Costs

The CEO of Plains All American Pipeline, the firm with huge pipeline and storage operations in Oklahoma warns steel tariffs proposed by President Trump will hurt the pipeline construction industry in the U.S.

Greg Armstrong told those attending CERAWeek by IHS Markit conference in Houston that certain sizes of steel pipe and valves were only available outside the U.S. That meant they have to be shipped into the U.S. and subject to the proposed tariffs.