Oil remarks from US President Trump.
The oil price has plunged at the opening to this week’s trade after weekend news and comments. Trump’s latest in that headline cutting a few cents out of it again.
- if oil price stays the way it is he would do very substantial tariffs
- does not think he will need to use tariffs in oil fight
(On that second remark, note that Trump has said a few times from late last week that expects Russia and Saudi to cut production, he’s mentioned by 10m barrels a day, perhaps 15m. Noter also though that the OPEC+ meeting scheduled for today has been put off to April 9. )