09:17 AM EDT, 04/04/2025 (MT Newswires) -- Oil-related stocks fell in premarket activity Friday after China, a major oil importer, vowed to impose an additional 34% tariff on all imported US goods, effective April 10.

Shares of Exxon Mobil ( XOM ) fell 2.9%, Chevron ( CVX ) slipped 2.8%, Schlumberger ( SLB ) dropped 4.9%, and Marathon Petroleum ( MPC ) declined 4.4% after China's response to the Trump administration's announcement of additional duties on goods imported from various countries, including China.