© Reuters. U.S. President Trump leads the daily coronavirus response briefing at the White House in WashingtonWASHINGTON (Reuters) – President Donald Trump said on Saturday he would put tariffs on imports of or take other measures if he has to protect energy workers from the oil price crash.
“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 crashed as the pandemic crushes demand and as Russia and Saudi Arabia boost output in a war over market share. After meeting with executives from big oil companies on Friday, Trump said he was not thinking of imposing tariffs at the moment, but it was a tool that could be used.
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