Finance

Crude prices rally as US-China tariffs pause eases demand concerns

Announcement of 90-day pause in tariffs eases market concerns over risk of economic slowdown that could erode energy demand

US Trade Representative Jamieson Greer (left) and US Secretary of the Treasury Scott Bessent take part in a press conference after two days of closed-door discussions on trade between the US and China, in Geneva, Switzerland, on Monday.
US Trade Representative Jamieson Greer (left) and US Secretary of the Treasury Scott Bessent take part in a press conference after two days of closed-door discussions on trade between the US and China, in Geneva, Switzerland, on Monday.Photo: AP/SCANPIX
Enterprise editorLondon
Published 12 May 2025, 11:30Updated 12 May 2025, 11:40
United StatesChinaUS Treasury DepartmentTrump TariffsOpec+