Trouble at the Terminal: How U.S. Secondary Tariffs on Russian Energy Could Shake Up Global Trade
Shapiro
JULY 15, 2025
Russian crude offers China both a reliable energy source and a steep discount, helping offset rising global oil prices. However, it may try to soften its exposure—perhaps by reducing public purchases, using intermediaries, or shifting more trade to private refiners to avoid direct links that could trigger U.S. While the U.S.
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