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President Trump’s tariffs on Mexico, Canada and China have been implemented as of this writing (25% on Mexico and Canada and an addition 10% across-the-board on all goods from China).
With Mike Johnson re-elected as Speaker of the House (with the support of then President-elect Donald J. Trump) on the first ballot, it bodes well for the Trump agenda regarding the energy sector of the economy and the PVF industry.
When this column is published, the inauguration of the 47th President of the United States, Donald Trump, will have taken place or will commence shortly, igniting a new era of optimism for the PVF industry.
We are approaching the end of calendar year 2024 and Donald J. Trump is our president-elect, giving the energy and PVF sectors a breath of fresh air for future development and lower-cost energy.
August marks the midpoint of 2024’s third quarter, with oil prices trading at $3 lower per barrel in June and July. As of this writing, WTI is $82.80/barrel, and Brent is $86.29/barrel.