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Dongming Petrochemical, an independent Chinese refiner, said it has halted crude purchases from the US and turned to Iranian imports amid escalating trade tensions between Beijing and Washington.
Chinese authorities are reportedly planning to impose tariffs on US crude imports and replace them with oil from West Africa and the Middle East, including Iran. Beijing said it was not going to fall into line with US sanctions banning business with the Islamic republic.
China is America’s second-biggest crude-oil customer with exports reportedly totaling 400,000 barrels a day at the beginning of July. However, in response to the latest US tariffs on Chinese goods, Beijing slapped American crude imports with a 25-percent levy.
originally posted by: worldstarcountry
I don't know how much abuse and flagrant aggression we can take from the Chinese and Iranians at this point. At this rate, we have no choice but to strike first and impede their plans for America's destruction.
originally posted by: hopenotfeariswhatweneed
a reply to: worldstarcountry
You want to take military action against Iran for supplying China oil, all because of the Trump slapping tariffs all over the place ?
Perhaps if cheetolini hadn't started a tariff war the Chinese wouldn't have retaliated. I'm sure some numpty will come and explain how this is all just 3d chess moves blah blah blah.
originally posted by: JoshuaCox
a reply to: IgnoranceIsntBlisss
There is a pretty solid conspiracy theory that every US war sinceWW2 was really about maintaining the petrodollar..
Always follow the money..