Amman,Oil prices continued to decline on Tuesday after China imposed tariffs on some goods exported from the United States, paving the way for a new trade war between the world's two largest economies, which threatens global economic growth.
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According to the economic news agency "Bloomberg," West Texas Intermediate crude dropped to around $72, after falling by 1.9% immediately after the announcement of China's measures, while Brent crude, the global benchmark, approached $75.
The Chinese Ministry of Finance announced that Beijing would impose tariffs on a range of goods, including oil and liquefied natural gas, in response to "the unilateral imposition of tariffs by the United States."
Earlier, U.S. President Donald Trump decided to delay the tariffs planned for Canada and Mexico after the two countries agreed to adopt stricter measures to combat immigration and drug trafficking.
