The Globe and Mail | Oil inches down on Trump's latest China trade threats Reuters China is the main importer (after Canada) of U.S. crude oil, to the tune of about 400,000 barrels per day,” Petromatrix said. “If China was to impose counter tariffs on U.S. crude, it would become quickly very heavy for the U.S. supply and demand ... Oil moves lower on Trump's latest China trade threats Oil falls on Trump's latest China trade threats Oil drops after US President Trump threatens new China trade tariffs |