Environment & Energy Report

Trump’s Trade War May Sabotage Gas Deals That Would Ease Deficit

March 23, 2018, 12:16 PM

President Donald Trump’s trade fight with China is risking energy deals that could ease the deficit causing him so much angst, according to analysts at Sanford C. Bernstein & Co.

China, the world’s fastest growing natural gas market, could agree to buy as much as 50 million tons a year of liquefied natural gas from U.S. suppliers, Bernstein analysts including Neil Beveridge said in a March 23 research note. If that happens, it would reduce the U.S.’s trade deficit with China, which was $375 billion last year, by $25 billion annually and be “transformational” for U.S. exporters, Beveridge said.


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