Economy / FinanceAsiaKey VideosNorth America

Fastepo: China to Stop Buying Oil from the US


Over the past few years, China has been reevaluating its oil import sources, increasingly turning to countries in the Global South, particularly BRICS nations (Brazil, Russia, India, China, and South Africa). This strategic shift is not merely a business decision but a significant move that aligns with China’s broader geopolitical and economic objectives. This blog post will examine China’s transition in oil trade, the reasons behind it, and the potential impacts on the US economy and the value of the US dollar. The escalating trade disputes and political tensions between China and the US have made China’s reliance on American…

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