China has put Tariffs on the U.S Crude


The Trump tweets have escalated the ongoing trade war and now Oil is the current victim.

Crude slid to a two-week low after China announced tariffs on U.S. oil for the first time and U.S. President Donald Trump signaled he may escalate the trade war.

in 2018 China import of crude oil: US$239.2 billion (20.2% of total crude oil imports)

in 2019 China’s crude oil imports in June averaged 9.63 million bpd, an increase of 1.7 percent from an average of 9.47 million bpd in imports in May, and a 15.2-percent increase from 8.36 million bpd in June last year. РChina U.S Trade Ware

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