Trump Threatens Tariffs on Oil Imports
U.S. President Donald Trump said on Saturday he would impose tariffs on crude imports if he has to “protect” U.S. energy workers from the oil price crash that has been exacerbated by a war between Russia and Saudi Arabia over market share, Reuters reports.
“If I have to do tariffs on oil coming from outside or if I have to do something to protect our ... tens of thousands of energy workers and our great companies that produce all these jobs, I’ll do whatever I have to do,” Trump told reporters in a briefing about the coronavirus outbreak.
Oil prices have dropped by about two-thirds this year as the pandemic crushes demand and as major producers Russia and Saudi Arabia boost output in a war over market share.
Trump reiterated on Saturday that Saudi Arabia had told him it had agreed with Russia to jointly reduce output by an unprecedented 10 million barrels per day or more. The countries have not confirmed the plan, other than saying they would discuss ways to stabilize global oil markets.
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 29%
Wind: 1.54 km/h