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.com US-China trade talks to restart
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