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How Trump Could Burn West Virginia, Causing It To Lose An $84 Billion Gas Deal With China

January 22, 2019

Via: Forbes
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West Virginia may personify the trade war with China — a state with $84 billion on the line and money that would transform the area. State officials and economic developers are working hard behind the scenes. But they are hampered by something completely out of their hands — the actions taken by Donald Trump to start levying tariffs on certain goods coming out of China.

In November 2017, China Energy Investment Corp. signed a non-binding trade agreement with the state of West Virginia that would pump billions into its economy. In return, China would get access to the plethora of shale gas that rest below the state’s land, all to feed its own chemical and manufacturing base.

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