Press Release: 4/3/2025

API Statement on Reciprocal Tariffs Excluding Oil and Natural Gas

 

 

202.682.8114 | press@api.org

 

WASHINGTON, April 2, 2025 — The American Petroleum Institute issued the following statement from President and CEO Mike Sommers on the Trump administration’s decision to exclude oil and natural gas from new reciprocal tariffs.

“We welcome President Trump's decision to exclude oil and natural gas from new tariffs, underscoring the complexity of integrated global energy markets and the importance of America's role as a net energy exporter. We will continue working with the Trump administration on trade policies that support American energy dominance.”

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API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.