Trump tariff talk roils US oil industry in bedrock Republican territory

Donald Trump’s global trade war is adversely affecting North Dakota’s oil industry, which heavily supported him in previous elections. With tariffs causing a drop in oil prices below $60 a barrel, concerns mount over potential job losses and reduced infrastructure investments in the state’s Bakken basin. Experts warn that sustained low prices could lead to a significant slowdown in US oil production, exacerbating an already bearish outlook for the industry, which faces a projected decline in output without technological advancements in extraction methods.