Current U.S. tariff landscape for China in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Prior to the recent escalations, tariffs on Chinese oil and gas products were part of the broader Section 301 tariffs, which have been in place for several years.
34% tariff on its goods exported to the US.The current tariff situation is characterized by the continuation of the Section 301 tariffs imposed by the previous administration. These tariffs cover a broad spectrum of goods, including products from the oil and gas refining and marketing industry. There is no indication of these tariffs being lifted; instead, there have been discussions of further escalations in the trade dispute. The high tariff rates have led to shifts in global supply chains for some refined products.
Current U.S. tariff landscape for the United Kingdom in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$1.77 billion.The United States and the United Kingdom have generally traded under Most-Favored-Nation (MFN) tariff rates, which are relatively low for most oil and gas products.
The tariff situation between the U.S. and the UK for the oil and gas sector is stable, with no major new tariffs in effect. Both nations are in the process of negotiating a comprehensive free trade agreement. This has meant that, for now, the existing low-tariff environment for oil and gas products has been maintained, avoiding the trade disruptions seen with other countries.
Current U.S. tariff landscape for Japan in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Before the recent agreement, the U.S. had proposed a 25% country-specific tariff on Japanese imports.
15% tariff is now applied to most imports from Japan. However, tariffs on steel and aluminum remain at 50%.In July 2025, the U.S. and Japan finalized a significant trade agreement, which replaced a patchwork of higher duties with a uniform 15% tariff on most Japanese goods. This deal was forged under the threat of looming reciprocal tariffs from the U.S. A key component of this agreement is a long-term energy alliance, with Japan committing to substantial investments in the U.S. energy infrastructure, particularly in American LNG exports. This agreement has reshaped the trade relationship between the two countries, providing more predictability for businesses in the oil and gas sector.
Current U.S. tariff landscape for Brazil in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$2.01 billion.Prior to recent threats, Brazilian oil exports were exempt from a 10% tariff imposed in April 2025.
50% tariff on all Brazilian imports. More recently, in an executive order, a 40% additional ad valorem duty was announced. It is not yet clear if oil and gas products are exempt.40% to 50% tariff.The tariff situation with Brazil is currently very fluid. Following a threat of a 50% tariff in July 2025, some Brazilian energy companies reportedly suspended oil exports to the U.S. A more recent executive order calls for a 40% tariff. In early October 2025, a phone call between the presidents of Brazil and the U.S. has initiated negotiations to potentially lift these tariffs, but the outcome is still uncertain.
Current U.S. tariff landscape for Chile in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$39.76 million. In the same year, U.S. exports to Chile totaled $18.17 billion.The U.S.-Chile Free Trade Agreement has been in effect since 2004, eliminating tariffs on most trade between the two countries.
0% on most oil and gas products.Thanks to the long-standing U.S.-Chile Free Trade Agreement, the oil and gas refining and marketing industry enjoys duty-free trade between the two nations. This agreement has fostered a stable and predictable trade relationship, shielding it from the recent wave of U.S. tariffs seen with other countries. As a result, the tariff situation for this sector remains unchanged and highly favorable.
Current U.S. tariff landscape for Singapore in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$2 billion.The U.S.-Singapore Free Trade Agreement, in force since 2004, has eliminated tariffs on virtually all goods traded between the two countries.
0% on almost all oil and gas products.The tariff environment for the oil and gas refining and marketing sector between the U.S. and Singapore is characterized by free and open trade. The U.S.-Singapore Free Trade Agreement ensures that products from this industry are not subject to tariffs. This has created a stable and robust trade relationship, unaffected by the recent trade disputes the U.S. has had with other nations.
Current U.S. tariff landscape for Germany (as part of the EU) in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$53 billion, and LNG purchases are forecasted to be between $37-41 billion in 2025.Before the recent agreement, the U.S. had threatened to impose tariffs of up to 30% on European imports.
15% tariff is now applied to a wide range of EU exports to the U.S. Additionally, in October 2025, the European Commission proposed removing the 3.7% import duty on U.S. Group II base oils.In a significant development in July 2025, the U.S. and the EU averted a major trade dispute by agreeing to a 15% tariff on most EU goods, a compromise from the threatened 30%. As part of this deal, the EU has pledged to purchase $250 billion annually in U.S. energy exports. Furthermore, the European Commission is considering the removal of tariffs on certain U.S. refined products, which could further open up the European market for American exporters.
Current U.S. tariff landscape for Saudi Arabia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$39.5 billion. U.S. imports of crude oil from Saudi Arabia in 2024 were $8.35 billion. For the 2024-2025 period, U.S. petroleum imports from Saudi Arabia accounted for $2.35 billion.Before the recent tariff actions, trade in oil and gas products between the U.S. and Saudi Arabia was subject to standard MFN tariff rates.
10% reciprocal tariff on imports from many countries, including Saudi Arabia.10% was introduced, but it does not apply to most oil and gas products.While the U.S. introduced a baseline 10% tariff in April 2025, it has had a minimal impact on Saudi Arabia's oil and gas industry. Over three-quarters of Saudi exports to the U.S., primarily crude oil, are exempt from these new levies. Therefore, the direct impact on the oil and gas refining and marketing sector is negligible, with the International Monetary Fund assessing the effect as "close to zero".
Current U.S. tariff landscape for Taiwan in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
In April 2025, the U.S. announced a 32% tariff on all imports from Taiwan, which was then temporarily lowered to 10% for 90 days to allow for negotiations.
20% tariff is now in effect for imported Taiwanese goods.In August 2025, the U.S. implemented a 20% tariff on imports from Taiwan. This followed an earlier threat of a 32% tariff in April, which was temporarily reduced to 10% to facilitate trade talks. The Taiwanese government is actively engaged in negotiations to lower this rate, with discussions centered around increasing purchases of U.S. energy products, such as LNG from Alaska. The current 20% tariff represents a significant increase from previous rates and is a point of concern for Taiwanese exporters.
Current U.S. tariff landscape for Vietnam in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
In April 2025, the U.S. had imposed a 10% tariff on imports from Vietnam. A higher tariff of 46% was also announced as a possibility.
20% tariff on all imports into the U.S. and a 40% tariff on goods that are transshipped through Vietnam from other countries.In July 2025, the U.S. and Vietnam agreed to a new trade framework, resulting in a 20% tariff on most Vietnamese exports to the U.S. This agreement also includes a 40% tariff on goods transshipped through Vietnam, addressing U.S. concerns about Chinese products being rerouted to avoid tariffs. This deal represents a significant increase from the previous 10% tariff and has created challenges for Vietnam's export-oriented economy, including the energy sector.
Current U.S. tariff landscape for France (as part of the EU) in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$53 billion, and LNG purchases are forecasted to be between $37-41 billion in 2025.Before the recent agreement, the U.S. had threatened to impose tariffs of up to 30% on European imports.
15% tariff is now applied to a wide range of EU exports to the U.S. Additionally, in October 2025, the European Commission proposed removing the 3.7% import duty on U.S. Group II base oils.In a significant development in July 2025, the U.S. and the EU averted a major trade dispute by agreeing to a 15% tariff on most EU goods, a compromise from the threatened 30%. As part of this deal, the EU has pledged to purchase $250 billion annually in U.S. energy exports. Furthermore, the European Commission is considering the removal of tariffs on certain U.S. refined products, which could further open up the European market for American exporters.
Current U.S. tariff landscape for Iraq in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$1.7 billion, and imports from Iraq (mostly crude and refined oil) were $7.5 billion. For the 2024-2025 period, U.S. petroleum imports from Iraq were $1.83 billion.In early July 2025, the U.S. had threatened a 30% tariff on Iraqi exports.
35% tariff was imposed on Iraqi imports, but oil exports are exempt.At the end of July 2025, the U.S. imposed a 35% tariff on imports from Iraq. However, Iraq's crucial oil exports to the United States are exempt from these duties. This exemption means that the direct impact of the tariffs on Iraq's economy and its oil and gas sector is minimal. The Iraqi Ministry of Trade has confirmed that the tariffs will not affect the country's primary exports to the U.S.
Current U.S. tariff landscape for Australia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
The Australia-U.S. Free Trade Agreement (AUSFTA) has eliminated tariffs on most goods traded between the two countries.
0% on most oil and gas products.The tariff situation for the oil and gas refining and marketing industry between the U.S. and Australia remains highly favorable. The Australia-U.S. Free Trade Agreement ensures that trade in this sector is not subject to tariffs. This long-standing agreement has provided a stable and open market for both countries, and it has not been affected by the recent U.S. tariff measures on other nations.
Current U.S. tariff landscape for Ecuador in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Trade between the U.S. and Ecuador is governed by the Andean Trade Promotion and Drug Eradication Act (ATPDEA) and other bilateral agreements, which provide for low or zero tariffs on many goods.
The tariff situation for Ecuador's oil and gas sector in relation to the U.S. is stable. There are no new tariffs, and trade continues under the framework of existing trade preference programs. This has allowed for a consistent and predictable trade environment for the oil and gas industry between the two countries, in contrast to the volatility seen in U.S. trade relations with some other nations.
Current U.S. tariff landscape for Colombia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
The U.S.-Colombia Trade Promotion Agreement (TPA), in effect since 2012, eliminated tariffs on over 80 percent of U.S. exports of consumer and industrial products to Colombia, including many in the energy sector.
10% tariff on a range of imported goods from several countries, including Colombia. However, oil, gas, and refined products were subsequently exempted.10% tariff was introduced for some goods, oil and gas products are exempt.Although the U.S. imposed a 10% tariff on some Colombian goods in April 2025, the country's oil and gas exports were exempted. This exemption is a significant relief for Colombia's economy, as the U.S. is a primary market for its energy products. The U.S.-Colombia Trade Promotion Agreement continues to provide a favorable tariff environment for the oil and gas refining and marketing industry, shielding it from the recent trade actions.
Current U.S. tariff landscape for China in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Prior to the recent escalations, tariffs on Chinese oil and gas products were part of the broader Section 301 tariffs, which have been in place for several years.
34% tariff on its goods exported to the US.The current tariff situation is characterized by the continuation of the Section 301 tariffs imposed by the previous administration. These tariffs cover a broad spectrum of goods, including products from the oil and gas refining and marketing industry. There is no indication of these tariffs being lifted; instead, there have been discussions of further escalations in the trade dispute. The high tariff rates have led to shifts in global supply chains for some refined products.
Current U.S. tariff landscape for the United Kingdom in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$1.77 billion.The United States and the United Kingdom have generally traded under Most-Favored-Nation (MFN) tariff rates, which are relatively low for most oil and gas products.
The tariff situation between the U.S. and the UK for the oil and gas sector is stable, with no major new tariffs in effect. Both nations are in the process of negotiating a comprehensive free trade agreement. This has meant that, for now, the existing low-tariff environment for oil and gas products has been maintained, avoiding the trade disruptions seen with other countries.
Current U.S. tariff landscape for Japan in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Before the recent agreement, the U.S. had proposed a 25% country-specific tariff on Japanese imports.
15% tariff is now applied to most imports from Japan. However, tariffs on steel and aluminum remain at 50%.In July 2025, the U.S. and Japan finalized a significant trade agreement, which replaced a patchwork of higher duties with a uniform 15% tariff on most Japanese goods. This deal was forged under the threat of looming reciprocal tariffs from the U.S. A key component of this agreement is a long-term energy alliance, with Japan committing to substantial investments in the U.S. energy infrastructure, particularly in American LNG exports. This agreement has reshaped the trade relationship between the two countries, providing more predictability for businesses in the oil and gas sector.
Current U.S. tariff landscape for Brazil in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$2.01 billion.Prior to recent threats, Brazilian oil exports were exempt from a 10% tariff imposed in April 2025.
50% tariff on all Brazilian imports. More recently, in an executive order, a 40% additional ad valorem duty was announced. It is not yet clear if oil and gas products are exempt.40% to 50% tariff.The tariff situation with Brazil is currently very fluid. Following a threat of a 50% tariff in July 2025, some Brazilian energy companies reportedly suspended oil exports to the U.S. A more recent executive order calls for a 40% tariff. In early October 2025, a phone call between the presidents of Brazil and the U.S. has initiated negotiations to potentially lift these tariffs, but the outcome is still uncertain.
Current U.S. tariff landscape for Chile in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$39.76 million. In the same year, U.S. exports to Chile totaled $18.17 billion.The U.S.-Chile Free Trade Agreement has been in effect since 2004, eliminating tariffs on most trade between the two countries.
0% on most oil and gas products.Thanks to the long-standing U.S.-Chile Free Trade Agreement, the oil and gas refining and marketing industry enjoys duty-free trade between the two nations. This agreement has fostered a stable and predictable trade relationship, shielding it from the recent wave of U.S. tariffs seen with other countries. As a result, the tariff situation for this sector remains unchanged and highly favorable.
Current U.S. tariff landscape for Singapore in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$2 billion.The U.S.-Singapore Free Trade Agreement, in force since 2004, has eliminated tariffs on virtually all goods traded between the two countries.
0% on almost all oil and gas products.The tariff environment for the oil and gas refining and marketing sector between the U.S. and Singapore is characterized by free and open trade. The U.S.-Singapore Free Trade Agreement ensures that products from this industry are not subject to tariffs. This has created a stable and robust trade relationship, unaffected by the recent trade disputes the U.S. has had with other nations.
Current U.S. tariff landscape for Germany (as part of the EU) in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$53 billion, and LNG purchases are forecasted to be between $37-41 billion in 2025.Before the recent agreement, the U.S. had threatened to impose tariffs of up to 30% on European imports.
15% tariff is now applied to a wide range of EU exports to the U.S. Additionally, in October 2025, the European Commission proposed removing the 3.7% import duty on U.S. Group II base oils.In a significant development in July 2025, the U.S. and the EU averted a major trade dispute by agreeing to a 15% tariff on most EU goods, a compromise from the threatened 30%. As part of this deal, the EU has pledged to purchase $250 billion annually in U.S. energy exports. Furthermore, the European Commission is considering the removal of tariffs on certain U.S. refined products, which could further open up the European market for American exporters.
Current U.S. tariff landscape for Saudi Arabia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$39.5 billion. U.S. imports of crude oil from Saudi Arabia in 2024 were $8.35 billion. For the 2024-2025 period, U.S. petroleum imports from Saudi Arabia accounted for $2.35 billion.Before the recent tariff actions, trade in oil and gas products between the U.S. and Saudi Arabia was subject to standard MFN tariff rates.
10% reciprocal tariff on imports from many countries, including Saudi Arabia.10% was introduced, but it does not apply to most oil and gas products.While the U.S. introduced a baseline 10% tariff in April 2025, it has had a minimal impact on Saudi Arabia's oil and gas industry. Over three-quarters of Saudi exports to the U.S., primarily crude oil, are exempt from these new levies. Therefore, the direct impact on the oil and gas refining and marketing sector is negligible, with the International Monetary Fund assessing the effect as "close to zero".
Current U.S. tariff landscape for Taiwan in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
In April 2025, the U.S. announced a 32% tariff on all imports from Taiwan, which was then temporarily lowered to 10% for 90 days to allow for negotiations.
20% tariff is now in effect for imported Taiwanese goods.In August 2025, the U.S. implemented a 20% tariff on imports from Taiwan. This followed an earlier threat of a 32% tariff in April, which was temporarily reduced to 10% to facilitate trade talks. The Taiwanese government is actively engaged in negotiations to lower this rate, with discussions centered around increasing purchases of U.S. energy products, such as LNG from Alaska. The current 20% tariff represents a significant increase from previous rates and is a point of concern for Taiwanese exporters.
Current U.S. tariff landscape for Vietnam in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
In April 2025, the U.S. had imposed a 10% tariff on imports from Vietnam. A higher tariff of 46% was also announced as a possibility.
20% tariff on all imports into the U.S. and a 40% tariff on goods that are transshipped through Vietnam from other countries.In July 2025, the U.S. and Vietnam agreed to a new trade framework, resulting in a 20% tariff on most Vietnamese exports to the U.S. This agreement also includes a 40% tariff on goods transshipped through Vietnam, addressing U.S. concerns about Chinese products being rerouted to avoid tariffs. This deal represents a significant increase from the previous 10% tariff and has created challenges for Vietnam's export-oriented economy, including the energy sector.
Current U.S. tariff landscape for France (as part of the EU) in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$53 billion, and LNG purchases are forecasted to be between $37-41 billion in 2025.Before the recent agreement, the U.S. had threatened to impose tariffs of up to 30% on European imports.
15% tariff is now applied to a wide range of EU exports to the U.S. Additionally, in October 2025, the European Commission proposed removing the 3.7% import duty on U.S. Group II base oils.In a significant development in July 2025, the U.S. and the EU averted a major trade dispute by agreeing to a 15% tariff on most EU goods, a compromise from the threatened 30%. As part of this deal, the EU has pledged to purchase $250 billion annually in U.S. energy exports. Furthermore, the European Commission is considering the removal of tariffs on certain U.S. refined products, which could further open up the European market for American exporters.
Current U.S. tariff landscape for Iraq in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
$1.7 billion, and imports from Iraq (mostly crude and refined oil) were $7.5 billion. For the 2024-2025 period, U.S. petroleum imports from Iraq were $1.83 billion.In early July 2025, the U.S. had threatened a 30% tariff on Iraqi exports.
35% tariff was imposed on Iraqi imports, but oil exports are exempt.At the end of July 2025, the U.S. imposed a 35% tariff on imports from Iraq. However, Iraq's crucial oil exports to the United States are exempt from these duties. This exemption means that the direct impact of the tariffs on Iraq's economy and its oil and gas sector is minimal. The Iraqi Ministry of Trade has confirmed that the tariffs will not affect the country's primary exports to the U.S.
Current U.S. tariff landscape for Australia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
The Australia-U.S. Free Trade Agreement (AUSFTA) has eliminated tariffs on most goods traded between the two countries.
0% on most oil and gas products.The tariff situation for the oil and gas refining and marketing industry between the U.S. and Australia remains highly favorable. The Australia-U.S. Free Trade Agreement ensures that trade in this sector is not subject to tariffs. This long-standing agreement has provided a stable and open market for both countries, and it has not been affected by the recent U.S. tariff measures on other nations.
Current U.S. tariff landscape for Ecuador in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
Trade between the U.S. and Ecuador is governed by the Andean Trade Promotion and Drug Eradication Act (ATPDEA) and other bilateral agreements, which provide for low or zero tariffs on many goods.
The tariff situation for Ecuador's oil and gas sector in relation to the U.S. is stable. There are no new tariffs, and trade continues under the framework of existing trade preference programs. This has allowed for a consistent and predictable trade environment for the oil and gas industry between the two countries, in contrast to the volatility seen in U.S. trade relations with some other nations.
Current U.S. tariff landscape for Colombia in the Oil & Gas Refining & Marketing sector as of October 7, 2025.
The U.S.-Colombia Trade Promotion Agreement (TPA), in effect since 2012, eliminated tariffs on over 80 percent of U.S. exports of consumer and industrial products to Colombia, including many in the energy sector.
10% tariff on a range of imported goods from several countries, including Colombia. However, oil, gas, and refined products were subsequently exempted.10% tariff was introduced for some goods, oil and gas products are exempt.Although the U.S. imposed a 10% tariff on some Colombian goods in April 2025, the country's oil and gas exports were exempted. This exemption is a significant relief for Colombia's economy, as the U.S. is a primary market for its energy products. The U.S.-Colombia Trade Promotion Agreement continues to provide a favorable tariff environment for the oil and gas refining and marketing industry, shielding it from the recent trade actions.