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What happens if China really does try to buy $52 bn of US crude, coal, LNG?

The terms of the deal imply an absolutely massive increase in Chinese imports of US energy, and if this actually comes to pass, it will have serious disruptive effects across global markets

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Two knights face to face on Chinese yuan and US dollar background. Photo: Shutterstock

Clyde Russell | Reuters Launceston, Australia

4 min read Last Updated : Jan 16 2020 | 8:27 AM IST

The problem for energy markets isn't whether China can actually buy the amount of crude oil, coal and liquefied natural gas (LNG) it has apparently committed to under the trade truce with the United States.

The real issue is what happens if Beijing tries and succeeds?

The terms of the deal imply an absolutely massive increase in Chinese imports of US energy, and if this actually comes to pass, it will have serious disruptive effects across global markets.

US President Donald Trump and Chinese Vice Premier Liu He signed a deal in Washington on Wednesday that cut some US tariffs on Chinese goods

Topics : US-China trade deal US-China ties Trade war

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