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Frustrated with OPEC's inability to help him, U.S. President Donald Trump may have inadvertently found a way of bringing down gasoline prices: Step up the trade war to cut oil consumption.The threat of 10-percent tariffs on an additional $200 billion of Chinese-made products helped propel Brent crude Wednesday to its biggest daily loss in dollar terms since 2011, before the new tariffs had even come into effect. There are two ways that trade wars impact oil demand and prices: one direct and immediate, and the other indirect but potentially more profound in the longer term.This year has already seen the first annualized declines in the monthly number of vehicle miles driven since 2014, suggesting that the high gasoline prices in the early part of the year have already had an impact on habits.
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