• Crude Oil Hit Hard By China Tariffs

    7 days ago - By ETF Daily News

    From Zacks : The trade tensions between the United States and China have hit a fever pitch.
    After targeting each other's $34-billion worth of imports, China announced on Aug 8 that it would enact a 25% tariff on U.S. imports worth $16 billion, including crude oil, diesel, cars and coal, in retaliation to the tax on an equal amount of imports enacted by U.S. authorities from August 23.
    Moreover, the Trump administration is now considering a hike in tariffs from 10% to 25% on $200 billion worth of additional Chinese goods. The latest list provided by China for higher taxes includes American...
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