Oil Prices Drop After China Proposes Tariff On American Crude Oil
  • 6 years ago
According to Reuters, oil prices are down due to an escalating trade dispute between Washington and Beijing.
After the Trump administration announced an additional package of tariffs on Chinese goods, China's Ministry of Commerce prepared a reply.
Beginning August 23rd, another $16 billion of Chinese goods will be hit with a 25-percent tariff, which prompted China to up the ante.
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