Canada Benefits as China Abandons US Oil Amid Escalating Trade War
China is dramatically shifting its oil imports from the US to Canada amid worsening trade tensions.
Chinese refiners have reduced US oil purchases by about 90% while significantly increasing Canadian crude imports through the newly expanded Trans Mountain Pipeline.
In March alone, China imported a record 7.3 million barrels from Canada’s west coast port, with even higher volumes expected in April. This shift represents another economic disruption resulting from President Trump’s trade policies.
