You have to hand it to President Trump. He’s increasingly becoming the most indecisive president in U.S. history. His apparent and abrupt about-face on Sunday to increase tariffs on Chinese goods less than a week after claiming that trade talks were going well have caused global financial markets to convulse – sending both equities and global oil prices south. However, the biggest concern for oil markets is the hit to economic growth and hence oil demand that will follow an uptick in tariffs on Chinese goods. Initial tariffs put in place last year on some $200 billion worth of Chinese goods had already caused economic stagnation globally, which also hurts global oil demand. Now that Trump has decided to increase tariffs on $200 billion worth of Chinese goods from 10 percent to a staggering 25 percent with another $300 billion possibly slated to be hit, the outcome for economic […]