The U.S.-China trade war is battering what was a fast-growing business for U.S. oil producers until a few months ago—U.S. crude oil shipments to China have “totally stopped” in recent weeks, the president of China Merchants Energy Shipping Co (CMES) told Reuters on Wednesday. Since the middle of this year, the U.S. and China have been imposing tariffs on each other’s goods, escalating the row with tit-for-tat tariffs on billions of U.S. dollars worth of goods. The latest escalation included China slapping a 10-percent tariff on U.S. liquefied natural gas (LNG) last month. China has so far spared crude oil from tariffs. Chinese refiners may have been relieved by Beijing’s decision to remove U.S. crude oil from the list of goods in the tariff tit-for-tat, but they are staying away from purchases of U.S. crude as refiners and traders fear that the removal is only temporary, and China may […]