Get the latest tech news
‘Oligarchy’: Trump exempts big oil donors from tariffs package
Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates say
The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say. Last month, the president held a meeting with more than a dozen oil executives at the White House, where he floated an energy exemption from his tariff package, according to the Washington Post, with one source telling the outlet that it was unclear if Trump was making a joke or a serious policy pledge. Further, less than 24 hours after the tariff package was announced, commodity markets cratered, with oil prices falling into negative territory – a result of weaker fuel demand often spurred by slowed global economic growth.
Or read this on r/technology