That energy commodities will be the first to suffer from the trade spat between the United States and China was only to be expected. As tension—and tariff rates—rise, energy commodity trade has plummeted. And it has spread to one major U.S. export segment: petrochemical feedstock. Last year, propane exports from the United States hit a record high since records began back in 1973.
These exports had been rising for 17 years straight, the Energy Information Administration reported last month, as natural gas production boomed—and…This Record Energy Trade Between The US and China Just Collapsed
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