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China kills energy trade with the US, but initial impact is limited: Russell
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Natural Gas World - Latest News
China kills energy trade with the US, but initial impact is limited: Russell- The trade in crude oil, liquefied natural gas and coal between the United States and China is effectively dead after Beijing responded to President Donald Trump's tariffs with measures of its own.
ngc.co.ttBeijing's move came after the Trump administration imposed an additional 10% tariff on all imports of Chinese goods into the United States.
China's reaction raises the risk of further moves by the United States, and ratchets up the trade tension between the world's two largest economies.
However, the immediate impact of China's measures on imports of U.S. crude, LNG and coal is likely to be limited.
China imported 5.99 million barrels of crude from the United States in January, according to commodity analysts Kpler.
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