Ok so 104% tariff on China goods. Once china stuff gets here, it would be double. Who's buying? Not Me. Just like eggs, I haven't buy any since the price increase. So this means that demands will drop and that means we are not buying any China goods and if no one buys, there should be no need to import any so no shipper is needed. All this leads to having more supply of oil vs the demand.
Yes, this scare tactics of 104% tariff on China did just that. Crude oil is down.
“There are plenty of drops to come,” DeHaan said. “Tariffs are really the biggest driver for fuel prices right now.”
https://fortune.com/2025/04/07/oil-prices-nymex-wti-crude-gas-tariffs-opec/However, there is a correlation with cheaper gas prices vs the economy. When the economy suffers, gas prices will go down but hey, does Uncle Trump gets the credit for giving me more fuel for my buck?
