The American oil industry is struggling hard under the impact of US tariff policies.

According to a report by Bloomberg on the 12th, the U.S. oil industry is struggling due to the double blow of U.S. government tariff policies and falling oil prices, especially smaller producers are finding themselves in increasingly difficult situations. The report states that the U.S. government's indiscriminate tariffs have harmed the interests of American oil producers, especially since most of the equipment they use is imported from China, South Korea, Brazil, and Mexico. The report cites a study by an industry consulting firm, which predicts a 40% year-on-year increase in the price of pipe materials used in the U.S. oil industry in the fourth quarter of this year. Kirk Edwards, former chairman of the Permian Basin Petroleum Association, bluntly stated his disbelief that the U.S. oil and gas industry is being "used as a scapegoat in the entire tariff plan." The article notes that smaller U.S. independent oil producers are facing increasingly difficult situations compared to industry giants such as ExxonMobil and Chevron. In the past few weeks, U.S. independent oil producers have announced a total of $1.8 billion in spending cuts, confirming the challenges they are facing.