This should be cause for celebration, but the plan to rebalance the trade deficit with energy exports is being undone by the administration’s own policies. The Department of Commerce Section 232’s Interim Final Rule shouldn't hurt our natural gas and oil boom by installing steel and aluminum tariffs and quotas. Obviously, one common sense measure would be for the U.S. Department of Commerce to grant exclusions for products it determines aren't even available in the U.S.Liquefied natural gas (LNG) is the fastest growing traded commodity, and the global market needs a $200 billion investment by 2030. Oil wise, China has already been importing 400,000 b/d of U.S. crude, or a quarter of our total exports. "Texas flood: U.S. oil exports pour into markets worldwide."

Source: Forbes May 27, 2018 23:15 UTC