AFPM statement on potential North American tariffs
Free, efficient global trade and agreements protecting the rights and preserving the intellectual property of companies operating abroad enable American fuel and petrochemical manufacturers to expand operations, access markets to secure needed materials, export products to emerging middle classes and make greater contributions to the U.S. economy.
Trade Agreements
U.S. fuel and petrochemical manufacturers support trade agreements that promote the free flow of goods and services between the U.S. and foreign partners, and that ensure the essential rights of and legal protections for investors and companies operating across borders. The U.S. is the global leader in energy and petrochemical production, and with sound trade policy, our members can continue to grow and create new well-paying manufacturing jobs.
Tariffs
Access to global markets can be hindered through tariffs, which obstruct trade, reduce the number of markets in which U.S. companies can operate and limit imports and exports of critical fuels and materials. Tariffs hamper U.S. economic growth and the broad benefits global trade brings to Americans.
AFPM opposes tariffs on energy products and fuel, petrochemicals and materials critical to our members’ operations. Steel and aluminum are needed by our members to build, maintain and modernize their facilities and associated midstream infrastructure. The long-term imposition of tariffs or quotas on these and other critical materials could weaken national security, hurt the economy and put refiners and petrochemical manufacturers at a disadvantage in a global market.
