mo4ch:>Tariffs ALWAYS an option! Trump hopes Russia & Saudis reach oil deal ‘fair’ for US as Putin seeks cooperation from ALL sides | Mo4ch News

US President Donald Trump hinted at the possibility of imposing tariffs on oil imports, due to a ‘massive excess’ supply on the global market created by the Saudi-Russian price war and exacerbated by the Covid-19 pandemic.“There's too much oil, there's a glut,” Trump said at a White House press conference on Friday, when asked what he discussed with oil industry executives earlier in the day. While lower gas prices at the pump were a good thing for Americans impacted by the economic shutdown over the pandemic, they were also hurting the US energy sector, he said.It's a free market, they'll figure it out.Asked about possibly imposing tariffs on imports of Russian and Saudi oil, Trump said he can “always consider” it, praising tariffs as an economic tool in general. He said he was not thinking of applying them “at the moment” but added that tariffs were a tool he could use “if they treat us unfairly.”Shortly after Trump’s remarks, Saudi oil minister Prince Abdulaziz bin …