Analysis: The negative impact of tariffs on the macroeconomy suppresses oil prices.

Jin10 reported on April 3 that Bjarne Schieldrop, chief commodity analyst at Sweden’s Nordea Bank, stated, “We know that Trump’s new tariffs will have a negative impact on trade, economic growth, and the rise in oil demand. But we do not know how bad the situation will be, but the impact will be felt in the near future.” Rich Kelly, global strategist at TD Securities, stated, “The tariffs are more aggressive, direct, and widespread than the market expected, and they seem more lasting. The fall in crude oil prices may be related to the tariffs’ impact on the macro economy being worse than expected.” Trump’s tariff policy may trigger Inflation, slow down economic growth, and exacerbate trade disputes, and these possibilities have already depressed oil prices.