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Stock impact report

Trump tariff reversal could cut costs for US energy firms but will likely leave broader flows unchanged [Yahoo! Finance Canada]

Venture Global, Inc. Class A common stock (VG) 
Last venture global, inc. class a common stock earnings: 2/18 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.vonage.com
HOUSTON, Feb 20 (Reuters) - The U.S. Supreme Court's Friday decision to strike down trade tariffs imposed by President Donald Trump last year may ease costs for some oil producers and drillers, but ?experts and analysts told Reuters that broader energy flows would likely remain unchanged for now. The court's ruling could reduce the ?cost of building LNG plants and other large-scale energy infrastructure that rely on modules and other parts manufactured in foreign countries hit by tariffs. Venture Global, for example, builds ?its LNG plants piecemeal in Italy before importing the components into the U.S. for final assembly. Trump's tariffs raised costs for U.S. crude producers and service companies up the value chain, hitting imported equipment and materials. Many absorbed the additional costs; others tried to pass them on to customers. Venture Global did not immediately respond to a request for comment. "We were forecasting that we would have to pay around $5 to $6 million in t Show less Read more
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