Supreme Court strikes down Trump tariffs in move that could benefit US energy sector

The Supreme Court ruling striking down trade tariffs may lower costs for US energy firms. Experts suggest broader global energy flows will remain unchanged.

The U.S. Supreme Court issued a ruling this week striking down trade tariffs that were imposed by President Donald Trump last year, a decision that is expected to reduce costs for numerous energy-sector participants in the United States USUS. This judicial action directly impacts the cost structure for energy infrastructure and drilling operations that have relied on imported equipment, particularly affecting U.S. crude producers and service companies.
A model of an LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration
A model of an LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration
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