Senators Press Biden to Adjust South Korean Oil and Gas Import Quota

Three Democratic U.S. senators are urging the Biden administration to reduce the import quota on oil and gas drilling pipes from South Korea. They argue that this quota has negatively affected companies operating in states like Ohio and Pennsylvania, resulting in layoffs in the Oil Country Tubular Goods sector.

Three Democratic U.S. senators urged the Biden administration on Friday to reduce the current import quota set on oil and gas drilling pipes from South Korea, highlighting its adverse impact on companies operating in Ohio and Pennsylvania.

Senators Sherrod Brown of Ohio, Bob Casey, and John Fetterman of Pennsylvania emphasized that the demand for Oil Country Tubular Goods, integral for drilling, extraction, and transport of oil and natural gas, has plummeted, causing layoffs in U.S. firms.

They formally requested action from U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, noting that more than 220 layoffs have already occurred across Ohio, Pennsylvania, Oklahoma, and Texas.

(With inputs from agencies.)