U.S. - China Energy Trade War Imminent?
Written by John Daly
February 2nd, 2012
email: admin@oilprice.com
http://oilprice.com/
Washington loves free trade – if it produces a surplus for the U.S.
In an election year, with a modest economic recovery underway, American politicians are trumpeting their credentials in saving and creating jobs and protectionism sentiment against foreign products is rising.
And the number one target?
China.
Hardly surprising, as during the period January-November China’s surplus balance of trade with the U.S. reached $272 billion, almost 8 percent higher than that registered during the corresponding period in the previous year, as U.S. consumers become more dependent on Chinese producers than ever before
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Written John Daly
February 2nd, 2012
email: admin@oilprice.com
http://oilprice.com/
