- Oil and LPG trade expected to rebound.
- China’s GDP and oil demand forecasts cut for 2025.
- Analysts call tariff cuts bullish for oil.
The US and China have agreed to cut mutual tariffs on most products in a 90-day hiatus, which could bring back oil and LPG trade between the two nations. The US will reduce tariffs on most Chinese products from 145% to 30%, while China will cut its tariffs on American products from 125% to 10%, as per a joint statement issued May 12. The cuts will take effect on...
https://mfame.guru/tariff-reductions-aim-to-revive-us-china-trade/