Money and business
The decrease in oil prices amid the escalation of the trade war between America and China
Oil prices decreased today during Thursday’s trading, amid the escalation of the trade war between the United States of America and China, as a result of raising customs duties.
Brent crude decreased by 2.5% at $ 64.09, while the price of NIMEX fell by 1.4% to $ 61.50.
US President Donald Trump has decided to raise customs duties imposed on goods from China to 125%, instead of the previous 104%, while China imposed 84%definitions on American imports starting today April 10, 2025.
Brent crude decreased by 2.5% at $ 64.09, while the price of NIMEX fell by 1.4% to $ 61.50.
US President Donald Trump has decided to raise customs duties imposed on goods from China to 125%, instead of the previous 104%, while China imposed 84%definitions on American imports starting today April 10, 2025.
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