11152018Thu
Last updateWed, 14 Nov 2018 4pm

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End-User News

Proposed Tariffs May Harm Oilfield Services & Equipment Sector

The Petroleum Equipment & Services Association (PESA) submitted comments to U.S. Trade Representative Robert Lighthizer outlining how the Administration’s proposed tariffs on $50 billion worth of Chinese imports would impact the oilfield service, supply and manufacturing sector. PESA represents approximately 200 companies.

“Many of the PESA member products listed in the section 301 report contain high U.S. content, which means that imposition of the proposed tariff would serve at least in part as a self-imposed tariff on U.S.-manufactured goods,” the Association noted. “This again would disproportionately impact U.S. manufacturers to the benefit of our foreign competitors.” 

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