(Rttnews) – The price of crude oil decreased rapidly during trading on Tuesday, which is higher than the significant increase in the previous session.
After jumping $ 1.14 or 1.8 percent to $ 64.80 per barrel during Monday season, crude for October delivery ranged from $ 1.55 or 2.4 percent to $ 63.25 per barrel.
Pulback by crude oil reflected partially concerns about President Donald Trump’s impact of trade policies, as they threatened to impose “adequate additional tariffs” on countries that do not remove digital taxes and related rules that harm the US tech companies.
Trump said on the truth, “America, and American technology companies, neither are ‘Piggi Banks’ nor ‘Dormat’ of the world.” “Show respect for America and our amazing technical companies or, consider the results!”
Trump has also threatened to impose 200 percent tariff on China if Beijing does not export rare-earth magnets to America
Meanwhile, the Trump administration officially issued a notice about imposing an additional 25 percent tariff on Indian imports, with the prescribed punitive duties to kick at 12:01 pm on August 27 (EST).
Russian External Affairs Minister Sergei Lavarov has accused Ukraine of obstructing peace talks in an interview against Western countries and Ukrainian President Zelanski.
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