Latest Trade War Shot Sends Oil Prices Lower ...Middle East

OILPRICE - Economy
Latest Trade War Shot Sends Oil Prices Lower
source : OILPRICE ( Middle East ) () 51
Crude oil prices resumed their downward trajectory today after jumping higher on news that most trading partners would get a 90-day pause on tariffs. President Trump’s decision to double down on his tariff offensive against China, raising the total tariff burden on Chinese goods to 125%, effective immediately, has added to bearish sentiment. The move followed China’s announcement of 84% tariffs on U.S. goods in response to Trump’s initial tariffs. Beijing has said it would “fight to the end”. Amid these developments,…

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