The escalating trade war between China and the U.S. is likely drowning out a rather bullish EIA report, which showed a strong inventory decline last week. The oil market is tightening, but trade concerns are dominating headlines. U.S. mulls another $100 billion in tariffs on China . In a rapidly escalating trade war, President Trump called China’s recent tariffs “unfair,” and said he was considering an additional $100 billion in tariffs on China. Trump said that the tariffs on U.S. soy and pork would hurt American farmers, and he instructed the Department of Agriculture to come up with a plant to protect the U.S. agricultural sector. If the administration follows through on the $100 billion in tariffs, China’s Commerce Ministry said it would “follow […]