Daily Oil Fundamentals
Tariffs
02 Apr 2025Tariffs
Well, here we are. Finally, ‘Liberation Day’ is upon us and whether it will turn out to be an inflection point in the progress of world trade, a complete ‘cry wolf’ dud, or something in between will only be revealed from the Rose Garden of the White House at 8pm GMT. In his run up to the Presidency, Donald Trump’s tariff manifesto was something easily understood, with a 10% sweep on all imports and a threat to China of 20% to 60%, the world and its markets at least had some parameters.