Oil Trade Caught in Trump’s Global Tariff Crossfire

The Trump-Putin meeting this Friday and the oil trade spat with India have been hogging the headlines these days, but meanwhile, the tariff war continues—and it may end with a complete rearrangement of global supply chains. The central target, of course, is China. Amid the latest negotiations between Beijing and Washington, China faces a 30% blanket tariff on goods sold to the United States. And in a positive turn of events, the deadline for the entry of these tariffs into effect has been pushed back by 90 days. This has provided space for…