The U.S.-China trade conflict has escalated as President Donald Trump announced a 100% tariff on Chinese imports. The new tariffs and export controls will take effect next month. Trump said the moves protect U.S. economic and security interests amid growing hostility from China. He accused Beijing of trying to “hold the world captive” through aggressive […]
U.S.-China Trade
Oil Prices Rise on U.S.-China Trade Truce, Eye 1% Weekly Gain
Oil prices rose slightly on Friday, recovering some ground after a sharp drop in the previous session, as optimism surrounding U.S.-China trade relations offset concerns about a potential increase in Iranian oil supply. As of early Friday trading, Brent crude futures were up by 17 cents, or 0.26%, reaching $64.70 per barrel. Meanwhile, U.S. At […]