China’s Tariffs Could Drag Down U.S. Crude Oil Exports ...Middle East

The 10% Chinese tariff on imports of U.S. crude oil could push American crude exports lower in 2025 from the record highs seen in the past two years, analysts tell Reuters. On the day on which the U.S. blanket tariff of 10% on all Chinese imports took effect, China responded with several measured retaliatory tariffs, including a 15% levy on LNG and 10% on crude oil imports from the United States. U.S. crude accounted for about 5% of China’s total crude oil imports in 2024, as Chinese refiners imported about 166,000 barrels per day (bpd)…

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