Oil Prices Plunge as China Hits Back with Massive Tariffs on US Imports

Oil Prices Plunge as China Hits Back with Massive Tariffs on US Imports

​The global economy was rocked on Wednesday after China announced sweeping retaliatory tariffs of 84% on U.S. imports, up from 34%, in response to President Donald Trump ’s latest tariff escalation. The move triggered sharp sell-offs in stock markets and sent oil prices tumbling

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 Brent crude futures fell steeply to as low as $58.47 a barrel—a level not seen since February 2021.  world-news World News | Latest International News | Global World News | World Breaking Headlines Today