Trump eyes tariffs as solution to oil glut
The Trump administration is turning toward the most well-worn pages of its global playbook—tariffs and threats—as it tries to stop an oil-price war from crippling dozens of U.S. companies.
In conversations with oil-company executives and lawmakers, President Trump has suggested tariffs on imported oil, possibly using the same trade law it used against China, according to people familiar with the matter. The tactic is aimed at leveraging U.S. power to get Saudi Arabia and Russia to reduce a flood of crude swamping the market.
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