Even some Chinese intellectuals start to admit that the US has the far stronger hand in this. It’s easy. China sells far more to the US than the US sells to China. At some point, China will have to say “sh@x1” and watch their pie crumble between their fingers. The US will hurt, China will shrivel.
The escalating trade conflict between Donald Trump’s US Administration and China overflowed into energy markets in August, as China announced that it’s prepared to impose tariffs of up to 25% on US energy exports. Analysts and industry officials believe the tariffs, if imposed, could have significant longer-term effects on the US oil and liquefied natural gas industries.