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Stock impact report

Trump could tariff foreign oil. That won't end the industry's crisis [CNNMoney.com]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: CNNMoney.com
Trump could tariff foreign oil. That won't end the oil crisis New York (CNN Business) The drama playing out in the oil market is not short on oversized characters. But Vladimir Putin and MBS could soon have to make room for a new player: Tariff Man. President Donald Trump, who proudly calls himself Tariff Man , is threatening to use his favorite economic weapon to protect America's beleaguered oil industry from aggression by Saudi Arabia and Russia. Those two nations are engaged in an epic price war that, along with an historic collapse in demand from the coronavirus pandemic, has helped send crude crashing to 18-year lows . Dozens of US oil companies are now facing bankruptcy. Tariffs are not really a stick. They would prove futile." Paola Rodriguez-Masiu, senior oil market analyst at Rystad Energy "We want to save a great industry," Trump said during a press briefing Sunday. The goal is to force Putin and Saudi Crown Prince Mohammed bin Salman to re Show less Read more
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