By Liam Denning (Bloomberg Opinion) -- One pocket-sized symbol of globalization is the iPhone; that California-by-way-of-China apotheosis of ocean-spanning supply chains. Alternatively, there’s the 41,000-tonne USS Kearsarge, an amphibious assault ship currently deployed in the U.S. Navy’s Fifth-Fleet area, which takes in such tourist traps as the Strait of Hormuz and … [Read more...]
U.S. Negotiators Said to See China Push Back on Trade Vows
By Jenny Leonard, Saleha Mohsin and Jennifer Jacobs (Bloomberg) -- Some U.S. negotiators are concerned that China is pushing back against American demands in trade talks as progress slows toward a deal that could give President Donald Trump a boost for his 2020 reelection bid, according to people familiar with the talks. Chinese officials have shifted their stance with the … [Read more...]
Trade War Cuts U.S. LNG Exports to China
March 12 (Reuters) - Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool. The governments of the world's two largest economies have been locked in a tariff battle as Washington presses Beijing to address longstanding concerns over Chinese … [Read more...]
Ports That Boomed on China May Never Be the Same as Trade Shifts
By Shruti Date Singh (Bloomberg) -- An industry that saw dramatic growth in the decade before Donald Trump took office is now concerned his administration’s trade tussle with China, and the lack of a deal with Japan, will cut future growth short. Ports in the Pacific Northwest have invested hundreds of millions of dollars to expand their ability to ship America’s … [Read more...]
Sinopec May Ink 20-Year LNG Deal with Cheniere When Trade Spat Ends
By Chen Aizhu SINGAPORE, March 6 (Reuters) - China Petroleum and Chemical Corp plans to sign a 20-year liquefied natural gas (LNG) supply agreement with Cheniere Energy once China and the United States end their trade dispute, two sources with knowledge of the matter said on Wednesday. Cheniere and China Petroleum and Chemical, known as Sinopec, reached a consensus in … [Read more...]