U.S. oil and natural gas could become targets in trade war with China

China’s tariffs in one corner of the energy market signal that U.S. oil and natural gas fields may become a target if a trade war escalates between the two countries, according to Bloomberg. The news service says petrochemicals and liquefied propane were among 106 U.S. products recently targeted for higher tariffs by the Chinese government, “indicating that the world’s biggest oil buyer is willing to use energy as a weapon to retaliate against planned American duties on its high-tech goods.” Bloomberg notes China is the biggest regional buyer of American oil and liquefied natural gas. For more, read the full story.

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