# US oil closes 2.3% lower after Trump's latest China trade threats

> US crude settled 2.3% lower after President Trump ordered trade officials to consider tariffs on an extra $100 billion of Chinese imports, reigniting trade war fears. Brent for June delivery traded 1.8% lower, and both benchmarks were headed for their biggest weekly decline since early March.

- Date: 2018-04-06 · published 2018-04-06T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/10843-us-oil-closes-2-3-lower-after-trump-s-latest-china-trade-threats
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Escalating US-China tariff threats raise the risk of Chinese retaliation against US crude and agricultural exports, weighing on energy demand and US export flows for soybeans and corn.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.5% | -1.6% |
| WTI | 2025-04-04 | [Oil dives 7% to lowest in over 3 years on China's tariffs](https://feedsoft.ai/events/6315-oil-dives-7-to-lowest-in-over-3-years-on-china-s-tariffs.md) | -10.2% | -12.0% |
| WTI | 2019-08-01 | [Oil plunges, down more than 6% after Trump adds tariffs on China](https://feedsoft.ai/events/8495-oil-plunges-down-more-than-6-after-trump-adds-tariffs-on-china.md) | -12.7% | -4.7% |
| WTI | 2019-05-23 | [Oil plunges as US-China trade dispute heats up, Iran tension cools](https://feedsoft.ai/events/7395-oil-plunges-as-us-china-trade-dispute-heats-up-iran-tension-cools.md) | -4.2% | -12.5% |
| WTI | 2019-08-01 | [Trump escalates trade war with more China tariffs](https://feedsoft.ai/events/8497-trump-escalates-trade-war-with-more-china-tariffs.md) | -12.7% | -4.7% |
| BRENT | 2025-04-08 | [Oil settles down $1 at four-year low as US-China trade war escalates](https://feedsoft.ai/events/25281-oil-settles-down-1-at-four-year-low-as-us-china-trade-war-escalates.md) | +1.3% | -4.5% |
| BRENT | 2025-04-04 | [Oil dives 7% to lowest in over 3 years on China's tariffs](https://feedsoft.ai/events/6315-oil-dives-7-to-lowest-in-over-3-years-on-china-s-tariffs.md) | -9.8% | -13.9% |
| BRENT | 2019-08-01 | [Oil plunges, down more than 6% after Trump adds tariffs on China](https://feedsoft.ai/events/8495-oil-plunges-down-more-than-6-after-trump-adds-tariffs-on-china.md) | -13.9% | -6.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/04/05/oil-markets-focus-on-trump-threat-on-new-china-tariffs.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.