HomeLatest NewsChina to import a record amount of Canadian crude and cut purchases...

China to import a record amount of Canadian crude and cut purchases of US oil by 90%

China is set to Begin a much more stronger relationship with Canada following disagreement with the United States.

The Asian giants are reportedly in the process to import Canadian crude into their country.

READ ALSO: U.S.-China Trade War Escalates as Trump Threatens 50% Tariffs in Response to China’s 34% Retaliatory Tariffs

The amount of crude they intend to import is said to be the highest they’ll import from Canada in their entire history.

Meanwhile China is also reported to have cut purchase of US crude oil by 90% in the wake of ongoing trade war.

China and the United States haven’t been in the right terms for sometime now following Donald Trump’s decision to increase tariffs on their goods.

READ ALSO: US postal service will not accept any delivery packages coming from China, affecting companies like Temu and others

Both countries have been hitting each other hard with tariff hikes with the recent one being a 245% oder from President Donald Trump.

The United States president is in the process of renegotiating terms with other countries he hit with tariff hikes except for China.

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