TRUMP’S LATEST DUTIES ON CHINESE EXPORTS COULD RAISE US WASTE OIL IMPORT COSTS
August 1st, 2019
THE CHINESE oil sector is facing potential increases in prices when exporting waste fuel oils, waste fuel and waste kerosene to the USA from September 1, with US President Donald Trump announcing that more tariffs – of 10% - will be imposed on Chinese exports from that date. While these additional duties do not cover standard petrol, diesel, biofuels, crude oil and natural gas, these waste oil and fuel products would be covered according to the latest draft list - to be confirmed later by a formal notice in the USA’s Federal Register. Meanwhile, the talks ...
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