Valero refinery escapes Trump’s new tariffs

The President announced the imposition of fees for products from countries around the world, with few exceptions

The exemption will be a relief for the U.S. oil industry, which had expressed concern that new charges could disrupt flows

Valero refinery escapes Trump’s new tariffs

Fuel imports spared as US tries to avoid price hikes THE VALERO oil refinery in Pembroke has escaped the impact of Donald Trump’s sweeping new tariffs on UK and EU goods, following confirmation from the White House that all oil, gas and refined fuel imports will be exempt from the new trade restrictions. A White House official said energy imports would be excluded entirely from the tariff measures (Pic: ABC) On Wednesday (Apr 2), Trump announced…

Imports of oil, gas and refined products were exempted from the new tariffs of U.S. President Donald Trump, the White House reported Wednesday.The exemption will be a relief for the U.S. oil industry, which had expressed its concern that the new charges could disrupt flows and raise the costs of everything, from Canadian crude oil for midwestern refineries to European shipments of gasoline and diesel to the east coast.