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Trump Efforts to Help US Coal Undercut by Export Drop During Trade War
- President Donald Trump's efforts to support the U.S. coal industry are being hindered by a 14% decline in U.S. coal exports this year, as reported by government studies.
- China has stopped importing U.S. coal, which is a major reason for this decline, according to the U.S. Energy Information Administration.
- The decline follows a 15% Chinese tariff on U.S. coal introduced in February and a 34% tariff in April, according to the EIA report.
- U.S. coal production has increased by about 6% this year, primarily due to rising natural gas prices, as stated by Feaster.
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It's not just soybeans. China also stopped importing U.S. coal amid Trump's trade war
President Donald Trump’s efforts to help the U.S. coal industry at home are being undermined by falling sales abroad amid his trade war with China, new government reports show. China has stopped importing U.S. coal, accounting for most of a 14% decline in U.S. coal exports so far this year, according to analysts and the U.S. Energy Information Administration. Trump’s meeting with Chinese leader Xi Jinping this week suggests trade progress. But w…
·New York, United States
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Total News Sources21
Leaning Left5Leaning Right2Center8Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 33%
C 54%
13%
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