According to a report by the Russian media TASS on the 12th local time, Russian Deputy Foreign Minister Andrey Rudenko said that Russia is ready to supply as much oil as China needs.
Regarding the question of whether China would buy more Russian oil if US oil supplies to China were reduced to zero, Rudenko replied, "I think China's actions will first be based on its national interests. If the national interest requires purchasing oil, China will do so, this is the choice of our Chinese friends."
After the "reciprocal tariff" was introduced on the 2nd, on the 10th, the US government announced again that the rate of the "reciprocal tariff" imposed on Chinese goods would be further increased to 125%, with a cumulative rate as high as 145%. Subsequently, China took corresponding countermeasures and raised tariffs on all American goods entering China to 125%.
Experts pointed out that if the current tariff rates are maintained, US crude oil exports to China may drop to zero in the next few months. As China imposes additional tariffs on American goods, refining American crude oil will become unprofitable for Chinese refineries.
"I think any talk about the positive effects of imposing tariffs, aside from passing higher prices onto consumers, is fundamentally fraudulent," said former US Treasury Secretary Lawrence Summers in an interview on the 11th local time. He stated that the current level of tariffs imposed by the US government is far higher than the Smoot-Hawley Tariff Act, which triggered the恶化 of the economic depression in the United States in the last century.
Original article: https://www.toutiao.com/article/7493036591326282259/
Disclaimer: This article only represents the author's personal views. Please express your attitude by clicking the "like/dislike" buttons below.