U.S. Oil Exports to China Set to Stop Amid Tariff War ...Middle East

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U.S. Oil Exports to China Set to Stop Amid Tariff War
source : OILPRICE ( Middle East ) () 60
China has been buying lower volumes of U.S. crude oil so far this year, and its purchases are set to stop amid the escalating tariff and trade war between the world’s two biggest economies, analysts say. So far this year, American crude oil has accounted for only about 1% of the imports of China, the world’s top crude importer. But the tariff war that U.S. President Donald Trump launched against China in early February dissuaded the remaining Chinese buyers from buying U.S. crude oil. The latest tariff escalation – a 125% U.S.…

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