Stormysaga + 62 AB August 10, 2018 As China made good on its threat to impose 25% tariffs on $16 billion worth of U.S. imports, one big-ticket item originally on its hit list was conspicuously missing: crude oil. Oil had been one of a slate of targets China listed in June for tariffs to counter those the Trump administration threatened on Chinese imports.Over the past two years China has become the biggest buyer of U.S. crude-oil exports, last year taking a fifth of the total. Quote Share this post Link to post Share on other sites
BlackTortoise + 103 CM August 10, 2018 China is buckling under pressure. They will come to the table by the end of this month. 1 Quote Share this post Link to post Share on other sites
Sofia + 35 SP August 10, 2018 Their logic so far has been evident. Maximum damage to supply chains. Quote Share this post Link to post Share on other sites