Hit where it hurts
It is well known that the us presidential election system is designed to serve its own supporters, constantly providing more benefits to the capitalists and corporations that support it. Beyond the ranchers in most of the big states that supported Mr Trump in the 2016 election, there is a powerful energy consortium behind him. When trump took office, the "America first energy plan" was also quite loud.
At home, trump has advocated not only lifting energy development restrictions on shale gas and coal, opening up 90 percent of the U.S. outer continental shelf classified as "off-limits" to energy developers for nearly 30 years to use for oil and gas drilling, and easing environmental protection requirements
Outside the United States is actively seeking a variety of energy transactions. After seeking to block Russian gas supplies to Europe over the north stream 2 pipeline, for example, on the grounds of protecting Europe's energy security, Mr Trump has been lobbying in Europe recently for the eu to build terminals to take us LNG exports. As recently as July 30, trump told a news conference with the Italian prime minister that part of the us-eu talks was aimed at expanding us share of the continent's gas market, which is flooded with Russian supplies. Whether it is solely for the sake of European energy security, Mr Trump has made his case.
Energy, as the saying goes, is trump's Achilles' heel. In the face of the United States, on August 3, China's ministry of commerce issued announcement, announced on the part of the goods tariffs, taxes and released four listing, 5207 items on us about $60 billion in merchandise, imposing a 25% to 5% range of duties, including liquefied natural gas (LNG) in imposing a 25% tariff catalog, and there are all kinds of oil and gas related equipment in the list of duties. Shares of Cheniere energy, the nation's largest natural gas exporter, fell as much as 7.7 percent, the biggest one-day drop since 2016.
