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U.S. Oil Vanishing From Chinese Tariffs Reveals America's Clout

Serene Cheong, Sarah Chen
U.S. Oil Vanishing From Chinese Tariffs Reveals America's Clout

The removal of U.S. crude from goods targeted by Chinese tariffs is a sign that America has become too big to ignore in the oil market. Less than two months after threatening to impose levies on imports of U.S. crude, the world’s biggest oil buyer has now spared the commodity. Only fuels such as diesel, gasoline, propane will be hit with duties on Aug. 23, according to China’s commerce ministry.