In a fungible global energy market, China does not “need” the United States, nor does the United States necessarily “need” China. America’s oil and natural gas producers can find willing buyers elsewhere and China has no shortage of options when it comes to foreign suppliers. But both countries would benefit immensely from the end of the current escalating trade war.
The economic, geopolitical and strategic advantages of continuing free and fair trade are evident for both countries, which is why both sides should acknowledge the harm that could from this unfortunate episode if it is allowed to continue into the new year.
