Canada's crude oil shift to China schools rump in unintended consequences [View all]
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/
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