China Snubs U.S. Energy in Trade Pause ...Middle East

OILPRICE - Economy
China Snubs U.S. Energy in Trade Pause
source : OILPRICE ( Middle East ) () 128
Despite the trade talks breakthrough the United States and China announced earlier this week, Chinese imports of U.S. energy will remain at near zero levels, at least over the summer, while the world’s two biggest economies are negotiating a possible trade deal. The U.S. and China on Monday announced a 90-day de-escalation in the trade war, slashing their respective 100%-plus tariffs on each other’s products. U.S. tariffs on Chinese goods are cut to 30% from 145%. The 30% tariff includes the 10% baseline tariff rate for all countries,…

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