Politics10/17/2025Bloomberg

CEO of Fracker Founded by Trump’s Energy Boss Pans Tariffs

CEO of Fracker Founded by Trump’s Energy Boss Pans Tariffs

The CEO of a shale fracking company founded by the US President's energy secretary has criticized the tariffs on steel and other oilfield supplies, describing them as inefficient and detrimental to the business. The fracking company, which was founded by the current US Energy Secretary, has expressed concerns about the negative impact of the tariffs on their operations. The CEO has argued that the tariffs are not an effective solution and are instead harming the industry. The article highlights the ongoing debate surrounding the imposition of tariffs and their consequences on businesses in the energy sector. It suggests that the tariffs are seen by some industry leaders as counterproductive, potentially undermining the competitiveness and growth of the domestic energy industry.

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