Tariffs Hit Energy & Industrials

The US oil and gas industry isn’t in the direct line of Trump’s tariff fire, but it’s affected nonetheless, Jackie explains. Slower global economic growth in a trade-constricted world will dampen energy demand; that prospect is hurting oil and gas prices. Halliburton execs say their oil-drilling customers need oil prices above a critical level in order to warrant the expense of drilling. Moreover, Chinese importers of US propane will be hard pressed to afford it with China’s retaliatory tariffs in place. Long term, however, natural gas prices should head higher. … Also: How tariffs are expected to impact two industrials companies, 3M and RTX. … And: A look at how AI is revolutionizing the study of genes.