INTEGRITY IN WRITTEN AND VIDEO NEWS, featuring newsOS integration and a growing interactive community of interested and increasingly well-informed readers and viewers who help make us who we are… a truly objective news media resource with full disclosure of bias, fact-checking, voting, polling, ratings, and comments. Learn about our editorial policies and practices (below). Join us today by subscribing to either our FREE MEMBERSHIP plan, or our PLATINUM PAID SUBSCRIPTION plan; each plan offers an unparalleled suite of benefits to our subscribers. U.S. DAILY RUNDOWN:Your News, Your Voice.
Tag: U.S. tariff war consequences
Canada’s Crude Oil Shift to China: Unintended Consequences of the U.S. Tariff War and Its Global Economic Implications
Canada crude oil exports to China: In a landmark shift in global oil trade, Canada, traditionally a close energy partner of the United States, has increasingly turned to China as its primary customer for crude oil exports. This realignment marks a significant departure from Canada's long-standing energy ties with its southern neighbor, a consequence that has emerged from the ongoing U.S. tariff war. The trade conflict, initiated under the Trump administration, imposed tariffs and trade barriers not only between the U.S. and China but also affected many global economic relationships. Canada, which found itself caught in the crossfire, has found the economic impacts of the tariff war to be a double-edged sword. On one hand, it faced obstacles in exporting crude oil to its most significant trading partner, the U.S.; on the other, it discovered new markets in China, signaling the unintended consequences of the tariff dispute.