API applauds signing of US – China ‘phase one’ trade deal
Published by Jessica Casey,
Editor
Hydrocarbon Engineering,
The American Petroleum Institute (API) has recently issued the following statement after the US and China signed a ‘phase one’ trade deal.
API President and CEO Mike Sommers said: “The phase one trade deal reached between the US and China is a positive step forward, creating greater certainty across the American economy […] although the US leads the world in energy development, trade wars disrupt global supply chains and create new barriers to US exports.
“De-escalation of trade tensions is welcome news to a wide range of industries, but there is more work to be done. We encourage the administration to stay at the negotiating table until the US – China marketplace for energy trade is fully restored and all remaining tariffs are lifted — including US tariffs on imports of industrial components used in our industry and Chinese retaliatory tariffs on US energy exports.”
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/16012020/api-applauds-signing-of-us-china-phase-one-trade-deal/
You might also like
The Hydrocarbon Engineering Podcast - Process safety improvements in the downstream sector
In this episode of the Hydrocarbon Engineering Podcast, Lara Swett, Vice President of Technical & Safety Programs, American Fuel & Petrochemical Manufacturers (AFPM), joins us to explain how the downstream sector has continued to improve its process safety record.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
