China has reiterated its intention to respond to the US tariff hike on imports of $200 billion worth of Chinese goods to 25% that kicked in on Friday but the lack of details about Beijing’s next moves has left market participants hanging. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude oil futures were higher in mid-afternoon trade Friday, with July ICE Brent crude futures up 41 cents/b from Thursday’s settle at $70.80/b and the NYMEX June light sweet crude contract gained 48 cents/b (0.78%) to $62.18/b. The US-China trade talks concluded Thursday evening in Washington without a firm outcome and were scheduled to continue on Friday. The United States Trade Representative’s office proceeded with increasing tariffs on $200 billion worth of Chinese goods to 25% from 10% as announced mid-week. “China deeply regrets that it will have to take necessary countermeasures,” a […]