U.S. Says Oil Tariffs Still on the Table Even After OPEC+ Deal
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U.S. tariffs on oil imports haven’t been dismissed even after the latest OPEC+ supply deal, according to a senior U.S. government official.
President Donald Trump previously wielded the threat of tariffs on shipments from Saudi Arabia and Russia if a deal wasn’t reached, and this option hasn’t been entirely removed from the equation, said Francis Fannon, the U.S. assistant secretary of state for energy resources. That signals the U.S. wants to ensure that the cuts are actually implemented.