Canada's crude oil shift to China schools rump in unintended consequences

[struggle4progress]

By Clyde Russell
May 22, 20257:59 AM EDT
Updated a day ago

LAUNCESTON, Australia, May 22 (Reuters) - If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump.

Trump's trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt to emerging realities and try to predict what may happen.

... seaborne exports of crude oil from Canada ... have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.

For the first time ever Canada exported more seaborne crude to China in April than it did to the United States, showing how market dynamics can move amid the uncertainty created by Trump's trade war ...

https://www.reuters.com/markets/commodities/canadas-crude-oil-shift-china-schools-trump-unintended-consequences-russell-2025-05-22/

[Bernardo de La Paz]

1. America First is America Alone. . . . nt

[Irish_Dem]

2. Trump couldn't have destroyed the US economy more if he tried.

[erronis]

6. And, of course, that was his intention. He may not of known it but

his actions are finely controlled by his handlers. I wouldn't be surprised if some psycho-pharmaceuticals and even cranial implants were involved (first you have to locate his brain...)

[KentuckyWoman]

3. Financial / insurance sector too.

It isn't just physical commodities.

Someone in my family works for a US based global payments processor for retail and wholesale merchants. They started adding sales and support staff to teams outside the US for payments that never touch US markets right after the election. They guessed what was coming.

Another family member works for a company that insures insurers and banks, mostly involved in manufacturing, mining and shipping. They did the same, shifting focus to operations outside the US.

Having big money investing elsewhere instead of here is not a good sign for the US... but this was expected. We learned all this the last time they tried tariffs 100 yrs ago.

[Hassler]

4. Komrade Kraznov MACA making China (and Canada) great again

[modrepub]

5. Elbows Up

[AllaN01Bear]

7. good on them. isolationizem, has never worked.

[Cha]

8. Good on Canada... Team Canada Here.

TY 💙🌈

[dalton99a]

9. Kick

[Botany]

10. The world and Canada has moved on without Krasnov and America.

Canada is led by P.M. Carney who has bachelor’s degree in economics from Harvard,
a master’s in economics from Oxford, a PhD in economics from Oxford, and was @
one time was the #1 person @ the Bank of England. He knows Krasnov doesn’t have
a clue as per trade, world markets, and economics and so has been forced into the
reality that America is no longer a friend or can be trusted.

Canada knows loons. The good kind who can scare the hell out of you when you
hear their trilling vocals or the batshit crazy ones like Krasnov.