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Tuesday, May 29, 2018 11:47:58 AM
Key point:
"China this month pledged to increase purchases of U.S. energy and agricultural goods as a way to reduce its $375 billion merchandise trade deficit and diffuse an escalating trade war between the world’s biggest economies."
"More imports by the Asian nation would be a boon for American coal-producing states -- including West Virginia -- that supported Donald Trump’s presidency on the back of his pledge to revive the ailing industry."
"West Virginia was the second-biggest coal producer in the U.S. after Wyoming in 2016, accounting for 11 percent of the nation’s total output, according to the EIA. All of the state’s coal is bituminous with varying sulfur content, and about 75 percent is shipped out to other states and countries."
https://www.bloomberg.com/news/articles/2018-05-29/china-is-said-to-consider-more-u-s-coal-imports-to-cut-deficit-jhrf6jaz
ps-Once implemented,the impact can be HUGE on US miners and their suppliers.
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