Home Current UPDATE 3-Kinder Morgan’s $1.75 bln gas pipeline hit with steel tariff -filing

UPDATE 3-Kinder Morgan’s $1.75 bln gas pipeline hit with steel tariff -filing

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UPDATE 3-Kinder Morgan's $1.75 bln gas pipeline hit with steel tariff -filingU.S. pipeline operator Kinder Morgan Inc will pay a tariff on imported steel used in a $1.75 billion natural gas pipeline project, the U.S. Department of Commerce ruled on Monday, dealing a setback to energy industry efforts to avoid the penalties. The Trump administration last year slapped a 25 percent tariff on imported steel and a 10 percent tariff on aluminum in a bid to safeguard U.S. jobs against overseas rivals. Energy companies have opposed the tariffs, saying they add cost to businesses contributing to the nation’s energy security.