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API official: More tariffs on China would further harm US oil, gas

Oil & Gas Journal: Additional Section 301 tariffs on China would cause further harm to the US oil and gas industry, an American Petroleum Institute official told US Trade Representative Robert E. Lightizer at an Aug. 21 hearing on the matter. “Broadly, this action, especially when added to Section 301 positions taken earlier this year, represent continued steps in the wrong economic direction,” API Tax Policy Director Stephen Comstock said in his testimony.

“We understand the need to curb discriminatory trade practices, but our actions should be of a prudent and targeted fashion and implemented through a multilateral approach with our allies,” Comstock said. “We believe this approach could better achieve the administration’s main trade objective as well as other energy policy objectives while mitigating unintended effects on the US economy.”

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