US-China Sabre Rattling Spooking The Oil Industry

摘要

The ongoing trade war between USA and China is impacting industries.Market volatility is being exacerbated by President Trump’s pattern of vacillating between threats and cease-fires on the toplc.In the beginning of August,the markets were sent into a tailspin by President Trump’s threat to impose tariffs on another $300 billion of Chinese imports.The markets were broadly impacted,but the energy sector was hit especially hard.Crude oil prices suffered their largest drop in over four years.