API urges further U.S. – China negotiations to lift all tariffs

1/15/2020

WASHINGTON – The American Petroleum Institute issued the following statement after the United States and China signed a “phase one” trade deal.

“The phase one trade deal reached between the U.S. and China is a positive step forward, creating greater certainty across the American economy,” API President and CEO Mike Sommers said. “Although the U.S. leads the world in energy development, trade wars disrupt global supply chains and create new barriers to U.S. exports. De-escalation of trade tensions is welcome news to a wide range of industries, but there’s more work to be done. We encourage the administration to stay at the negotiating table until the U.S.-China marketplace for energy trade is fully restored and all remaining tariffs are lifted — including U.S. tariffs on imports of industrial components used in our industry and Chinese retaliatory tariffs on U.S. energy exports.”

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