Tariffs: Saving American Jobs Since...Wait, What?

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Shadowrider

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Well, well, well...
China move to drop crude off tariff list a relief for Sinopec
Dropping crude oil from the final tariff list on $16 billion in U.S. goods announced late on Wednesday underscores the growing importance of the United States as a key global producer and critical alternative supply source for top importer China, which is seeking to diversify its oil purchases.

Removing crude imports, worth roughly $8 billion annually based on Sinopec’s earlier forecast of 300,000 barrels per day (bpd) for 2018, also gives Beijing room to maneuver in future negotiations with Washington, especially as it may soon lose some Iranian oil shipments due to reimposed U.S. sanctions.

“The U.S. will be the single largest source of new oil supplies outside OPEC. It’s in China’s interest to diversify supplies,” said a second source, a state oil trading manager.

https://www.reuters.com/article/us-...ariff-list-a-relief-for-sinopec-idUSKBN1KV08M

China realized oil tariffs would be like holding a gun to its own head
“China’s decision to take crude oil off the list may signal its realization that the country would have more to lose from a 25 percent tariff on U.S. crude as the supply related uncertainty deepens in the global oil market,” said Jane Nakano, a senior fellow in the Energy and National Security Program at the Center for Strategic and International Studies. “Denying itself access to U.S. crude would have made crude oil imports more expensive for China and may have triggered energy security concern, especially if world developments drive up the global oil prices.”

https://www.washingtonexaminer.com/...s-would-be-like-holding-a-gun-to-its-own-head

Bottom line: The winning is starting to happen. He's playing 4D chess. He's a business man. There's a method to Trump's madness and swamp creatures and commies can't comprehend it much less accept it.
 

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