# OIL FUTURES: Crude prices sink after Trump unveils sweeping new tariffs

> Crude futures fell in Asian trading on April 3 after the US announced blanket tariffs of at least 10% on imports and reciprocal duties on major partners. Energy imports were largely excluded from the tariffs, but analysts expected slower global growth.

- Date: 2025-04-03 · published 2025-04-03T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/7296-oil-futures-crude-prices-sink-after-trump-unveils-sweeping-new-tariffs
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of weaker global growth and oil demand from a trade war put downward pressure on crude and energy-linked input costs, while the energy exemption limits direct cost effects.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-04-03 | 1 | -6.1% | -4.3 | The US announcement of sweeping tariffs on April 3 raised global growth and oil demand concerns, triggering the initial sell-off in crude futures. |
| BRENT | 2025-04-08 | 5 | -16.6% | -5.2 | The Apr 3 US tariff announcement triggered the initial selloff via expected slower global growth, even though energy imports were largely excluded. |
| BRENT | 2025-04-07 | 5 | -15.6% | -5.6 | Crude fell in Asia after the blanket tariff announcement as slower global growth was priced in despite energy being excluded. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-08-01 | [Stocks Sink After a New Tariff Threat From Trump](https://feedsoft.ai/events/8499-stocks-sink-after-a-new-tariff-threat-from-trump.md) | -13.9% | -6.4% |
| 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% |
| BRENT | 2025-04-09 | [Oil falls to lowest since 2021 as Trump's tariffs take effect](https://feedsoft.ai/events/6322-oil-falls-to-lowest-since-2021-as-trump-s-tariffs-take-effect.md) | +2.8% | -4.9% |
| BRENT | 2025-07-22 | [Oil prices fall as key trade talks falter ahead of tariff deadline](https://feedsoft.ai/events/23931-oil-prices-fall-as-key-trade-talks-falter-ahead-of-tariff-deadline.md) | -0.1% | -4.5% |
| BRENT | 2025-04-03 | [Crude Prices Collapse on Tariff Announcement - ADM Investor Services](https://feedsoft.ai/events/12524-crude-prices-collapse-on-tariff-announcement-adm-investor-services.md) | -12.8% | -18.2% |
| WTI | 2019-08-01 | [Stocks Sink After a New Tariff Threat From Trump](https://feedsoft.ai/events/8499-stocks-sink-after-a-new-tariff-threat-from-trump.md) | -12.7% | -4.7% |
| 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 | 2025-04-09 | [Oil falls to lowest since 2021 as Trump's tariffs take effect](https://feedsoft.ai/events/6322-oil-falls-to-lowest-since-2021-as-trump-s-tariffs-take-effect.md) | +2.9% | -1.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/crude-oil/040325-oil-futures-crude-prices-sink-after-trump-unveils-sweeping-new-tariffs

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