EnergyDrop in oil prices looms over U.S. tariff talks with Japan
Trade partners may face pressure to buy fossil fuel as Trump seeks to drill more
The number of active oil rigs in the U.S. has fallen amid a drop in crude prices. (Photo by Ryosuke Hanafusa)
YUJI OHIRA and YUSEI SANADA
HOUSTON, U.S./TOKYO -- U.S. President Donald Trump's tariff policy has pushed down oil prices below the point of profitability for many new projects, which could put more pressure on trading partners like Japan to buy a commodity that the president has pledged to support.