U.S. oil exports can continue to China tariff free, for now. The Chinese government announced $60 billion in retaliatory tariffs against the United States Tuesday. The U.S. crude benefits Chinese industries because it sells at a discount to its competitors. Photo by William S. Stevens/U.S.Navy/UPI | Sept. 19 (UPI) — U.S. crude oil exports have been temporarily spared from Chinese tariffs, giving state-run oil refineries a short window to import as much as possible. They’re scrambling for U.S. imports because WTI, the U.S. benchmark, is selling at a $6.66 per barrel discount to Dubai crude oil. That’s the biggest price difference of the year. China announced 10 percent tariffs on $60 billion in U.S. imports Tuesday in retaliation for President Donald Trump ‘s latest volley of tariffs that were announced Monday. It’s not clear when China’s tariffs on crude oil will go into effect. “Oil on the tariffs list […]