Reported 2 days ago
Trade of Venezuelan oil to China has stalled due to an unexpected order from U.S. President Donald Trump threatening 25% tariffs on countries purchasing Venezuelan oil. Traders in China are unsure how to proceed, anticipating a pause on April shipments while waiting for clarity and direction from Beijing. This situation arises amid ongoing trade tensions between the U.S. and China, with analysts believing that the tariffs may not significantly hinder China's oil purchases in the long run.
Source: YAHOO