Will Trump Use Tariffs To Protect U.S. Oil?

“I would use tariffs, if I had to. I don’t think I’m going to have to,” U.S. President Trump told media on Sunday as quoted by CNBC, in response to questions regarding his next moves in propping up devastatingly low oil prices. Trump has been consistent over the last week or so in his belief that despite difficulties, Saudi Arabia and Russia will reach a deal to reduce production. He has given no indication, however, that the United States is willing to take part in this production control effort, which may compromise its…