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.
- 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.
Global Times is rarely, if ever, a shrinking violet ….