WASHINGTON, D.C. — American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson issued the following statement on the Day 1 actions taken by the Trump-Vance administration to protect consumer choice and end gas car ban policies across the United States.
The federal government is considering levying a range of tariffs on products imported into the United States, potentially including a 25% blanket tariff on all items imported from our North American neighbors, Canada and Mexico. If such tariffs were to include crude oil and refined products, the consequences could be significant.
About 60% of the crude oil that runs through U.S. refineries is extracted right here at home. However, our refineries run on many different types of crude oil, some of which we don’t produce here or can’t economically transport. In those cases, we use imports.
