Chinese refiners are cutting Saudi oil orders in favour of cheaper Russian crude, while India faces punitive U.S. tariffs over similar imports. New geopolitical manoeuvres are reshaping global oil flows,

China has received relief from the Trump-era tariffs, a move that could significantly impact global trade and economic relations. Market expert Ajay Bagga believes that reduced tariffs on Chinese goods will lower costs for US companies,

Yet even as Trump held back on China, he sharpened his rhetoric on India—using it as a foil to highlight his trade toughness, even while softening his approach toward Beijing.