mo4ch:>Trade war won’t kill US oil exports | Mo4ch News

The trade war finally caught up with US crude oil exports to China, but this doesn’t mean that US crude flows to East-Asia will dry up all of a sudden.It’s been a year since the China-US trade war began, and up until this last week, China had refrained from slapping import tariffs on US crude oil, even as it announced other measures in retaliation to US import tariffs on Chinese goods. Those days are over.Last week, the trade war finally caught up with US crude oil exports to China. What does this mean for the US oil industry?Also on rt.comUS-China trade talks to restart soon, Beijing wants both back at negotiating table - TrumpFor a year now, Chinese refiners and traders have held their collective breaths, scared for the day when the government would finally unleash tariffs on US crude oil imports. Now they’ll have the chance to test their strategies to hedge the risk of buying US oil amid a tariff that caught China-bound tankers out at sea.China announced on Friday that it would be …