Fueling Opportunities in the Face of Tariffs

From exploration and production to sustainability, companies in the energy, natural resources, and chemicals sector (ENRC) are faced with navigating complex tariffs, and developing a comprehensive strategy for managing global trade is crucial. This involves addressing tariff impacts in key areas like feedstock and equipment sources, infrastructure investments, and indirect tariff exposure. By adopting a cross-functional approach that includes trade, supply chain, and tax, companies can tackle immediate impacts while navigating the energy transition, optimizing operational efficiency, and driving sustainable growth.

• Additional tariffs on critical mineral imports, as well as derivative products, now require customized strategies.
• Commodities, such as natural gas, may now be subject to duties, resulting in new evaluations of supply chains, product routing, and core trade elements such as origin and value.
• Upstream through downstream operations require specialized review to tailor strategies throughout the value chain. Unique strategies are required for products and equipment.
• Industry specific tariffs (i.e., steel and aluminum tariffs), along with antidumping and countervailing duties must be considered regarding infrastructure development and maintenance.
• Increased focus on renewables requires understanding of the growing industry, adding to an ENRC product portfolio of imported goods. 

Download the PDF below to read more about the immediate actions, medium-term focus and long-term actions you can take for your organization.