American oil supplies to China stopped

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The trade war between the United States and China is gaining momentum. According to CMES, one of the leading Chinese sea carriers, participating in the Hong Kong international shipping summit, oil from the United States to China has been completely discontinued, which has an extremely negative impact on business. The cessation of supply also confirms the tracking of vessels Refinitiv Eikon.


A trade confrontation between the two countries began in early 2018, when Donald Trump drew attention to the imbalance in trade and introduced duties on Chinese goods. Such a confrontation leads to serious losses on both sides.

U.S. President declares victory in trade war, arguing that China will now never be able to get ahead the economy USA. At the same time, Washington also suffers losses, and significant ones. If in June this year, experts predicted US GDP growth of 3%, now it is assumed that it will be only 2,9%. And if the United States does not abandon its economic policy in relation to China, next year it will slow down to 2,1%.

Trump's new initiatives include the imposition of duties on Chinese products in the amount of $ 250 billion, that is, for almost all imports from China. And since China is today the largest trading partner of the United States, serious problems await the American economy.
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