A piece that ran in China’s Global Times overnight, pertinenet to trade war developments.
Says the GT:
- China is a big potential market for US energy, but the ongoing trade war is very likely to make China rethink its energy security and reduce its dependence on US energy exports.
- Many wonder how China will respond if the US carries out tariff hikes on an additional $300 billion in Chinese products… China’s counterattack will be on US exports.
And:
- does China have to import from the US?
- The answer is no. Thanks to trade war fears and Washington’s political uncertainty, the US is perhaps now the last choice for China in terms of energy trading.