Trade war reprieve: 'Uncertainty' created by Trump will 'detrimentally' affect US and world economy
- President Trump's tariff policies have created uncertainty in the U.S. Oil market as of April 2025.
- Trump's 'on-again, off-again' tariff approach and trade war triggered crude price swings and undermined investor confidence.
- The price of U.S. Crude oil fell 23% from April 2, hitting a low of $55.12 on Wednesday before recovering.
- One executive stated that they have never felt more uncertainty about business in their 40-year career.
- Analysts suggest reduced capital expenditures and potential rig cuts may occur if prices remain low, impacting domestic production.
19 Articles
19 Articles
What does NRC think? | President Trump embraces chaos, making uncertainty America's largest export product
The greatest damage to the world economic order this past week was not measured in falling stock prices or evaporating billions. The real victim of Donald Trump's tax frenzy is confidence.
Lower gas, oil prices ‘a good news story for America’ amid inflation, tariff uncertainty
Oil and gas prices have fallen and could fall more, which might help offset potential inflation impacts for Americans amid an uncertain situation with tariffs. “I think this is a good news story for America,” business professor Jay Zagorsky said about lower oil prices. Citing government data, Zagorsky estimated that a typical American household – a mix of individuals and families – spends around $2,500 a year on gas for their cars. West Texas In…
Solution to U.S.-China trade war 'may take a while,' AEI's Derek Scissors says
Markets flashed more warning signs over the enormous tariffs placed on Chinese imports by President Trump. To discuss the concerns around China's trade relationship with the U.S., Amna Nawaz spoke with Derek Scissors, a senior fellow for the American Enterprise Institute, a conservative think tank.
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