Finance

Oil prices plunge after Trump delivers ‘liberation day’ tariffs

WTI down nearly 5% during morning trade in Europe as markets fear escalating trade war will affect global growth and sap oil demand

US President Donald Trump signs an executive order on tariffs in the Rose Garden at the White House in Washington, D.C., on Wednesday.
US President Donald Trump signs an executive order on tariffs in the Rose Garden at the White House in Washington, D.C., on Wednesday.Photo: REUTERS/SCANPIX
Acting Breaking News EditorLondon
Published 3 April 2025, 08:09Updated 7 April 2025, 09:49
United StatesDonald TrumpOil PriceTrump TariffsAmericas