An Economic Expert Told NINA: US Tariffs Will Contribute To Raising Oil Prices
Wednesday, April 16, 2025 14:55 | Economic Number of reads: 142 Baghdad / NINA / Economic expert Safwan Qusay confirmed on Wednesday that imposing US tariffs on some countries will contribute to raising oil prices and thus reflect on the oil-producing countries of the Middle East.
He said in a statement to / NINA /: "Imposing economic tariffs by Washington will contribute to the withdrawal of many American investments in the world, as well as the possibility of increasing the production volume of companies within the US to meet demand within the Washington environment, stressing that raising such tariffs on Chinese goods will contribute to reducing oil consumption in China until China succeeds in finding other markets, and this issue needs some time and will be reflected in oil prices and thus reflect on the oil-producing countries of the Middle East."
He stressed, "Iraq needs to intensify trade conditions with the United States of America to ensure the presence of American goods in the Iraqi market and to support the issue of reducing these tariffs."
He continued, "Iraq can contain this crisis and has succeeded in establishing good relations with the United States of America, and there are no indications of oil prices falling below their current levels of $65, which is a price sufficient to cover operating expenses for this period." /End https://ninanews.com/Website/News/Details?key=1198180
