A seismic shift is quietly reshaping the global oil landscape, as the world’s largest oil market, China, has all but ceased importing crude from the United States. This isn’t a temporary blip; it’s a strategic realignment with profound implications for energy geopolitics and the U.S. dollar’s dominance. By mid-2025, U.S. crude exports to China have plummeted to near zero, a trade relationship that was once a significant, albeit growing, foothold for American producers. The shift began subtly after Beijing imposed a 10% tariff on American crude in February of 2025. Chinese refiners reacted swiftly, ceasing bookings for U.S. barrels, even…
AsiaEconomy / FinanceNorth America
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