China’s Sinopec Seeks Tariff Waiver For US Crude Oil.

Petrotahlil :The biggest refiner in China and in Asia, Sinopec, plans to apply for a tariff exemption with the Chinese government for its imports of U.S. crude oil, Reuters reported on Monday, citing sources familiar with the issue.

On Friday, China and the United States traded tariff and counter-tariff announcements, with Beijing saying first that China would place tariffs on a range of U.S. products worth US$75 billion, including crude oil, in two batches starting on September 1 and on December 15. U.S. President Donald Trump retaliated with announcements of higher tariffs on Chinese products.

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