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The Oil Industry Needs A U.S./China Trade Deal

September 12, 2019

Via: Forbes

China’s decision on September 11 to waive tariffs on an array of U.S. exports came as welcome news to a variety of American businesses, as did the Trump Administration’s reciprocal action of delaying new tariffs on Chinese goods scheduled to go into effect on October 1 for two weeks while trade talks between the world’s two largest economies resume. The moves revived hopes that China may now be getting serious about reaching a new trade agreement with the U.S. in the coming months, as its economy has borne the brunt of damage in this 18-month-long tit for tat exchange.

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