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Sunday, 06/17/2018 2:26:09 PM

Sunday, June 17, 2018 2:26:09 PM

Post# of 919
"China tariffs hit Trump heartland where it hurts – in American agriculture and energy"....
Trade war update.
"Another US$16 billion in goods, including coal and oil, will be subject to tariffs later."
http://www.scmp.com/news/china/diplomacy-defence/article/2151166/china-tariffs-hit-trump-heartland-where-it-hurts

COAL
The coal tariffs strike at the heart of Trump’s energy agenda. Since he was elected, the president has been trying to make good on a campaign promise to revive America’s coal industry. They also come as US miners have grown increasingly dependent on foreign markets for growth. US coal exports jumped by 61 per cent in 2017 as shipments to Asia more than doubled.

A few weeks ago, China was looking at buying more from the US. While it is pursuing a long-term goal of using less of the fossil fuel, the country still produces, consumes and imports more than any other nation. It bought 271 million tonnes from overseas last year, according to customs data. The US exported about 2.9 million tonnes to China, data from the Energy Information Administration show.

The total value of US coal exported to China last year was about US$395 million, according to Bloomberg Intelligence. About 90 per cent was metallurgical coal, which is used to make steel.