Oil markets wait to see if Trump's Russian oil tariff threat is a bluff
Oil markets wait to see if Trump's Russian oil tariff threat is a bluff
BEIJING, March 31 (Reuters) - Oil markets on Monday shrugged off U.S. President Donald Trump's threat to hit buyers of Russian oil with tariffs as the shock value of the barrage of threats from the White House begins to wear thin with jaded traders.
Trump's off-the-cuff proposal to hit any country buying Russian oil with a 25% to 50% tariff would be significant for oil markets if it turned into an order, but analysts and traders questioned whether the president's latest threat was serious.
