China's Move To Tax - Bomb American Products May Benefit Middle East

摘要

China's tariffs in one comer of the energy market signal U.S. shale fields may follow the nation's farms as a target if a trade war escalates. Beijing in the first week April, took aim at America's rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products targeted. The list also included petrochemicals and liquefied propane, 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.