Oil Prices Plunge Nearly 4% as U.S. Imposes 104% Tariffs on China
![Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns. [Image via Reuters/File]](https://southasiatimes.org/wp-content/uploads/2025/04/IIKDKDBR4JIZHA2HPEB2XXDM2I.webp)
Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns.
![Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns. [Image via Reuters/File]](https://southasiatimes.org/wp-content/uploads/2025/04/IIKDKDBR4JIZHA2HPEB2XXDM2I.webp)
Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns.