Could a US-China trade deal cost you more at the gas pump? [FOX Business Network]
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Source: FOX Business Network
Could a US-China trade deal cost you more at the gas pump? video Investors look for signs of progress in US-China trade talks Kadina Group president Gary B. Smith and Hudson Valley Investment Advisors’ Gus Scacco discuss the impact U.S.-China trade talks have on the stock market. While the world waits to see if the U.S. and Continue Reading Below You see, the fact is that if the U.S. and China agree to a deal, it will cause a surge of pent-up economic activity and will probably spike energy MORE FROM FOXBUSINESS.COM... Even now with the Chinese economy taking a hit from the trade war, Chinese oil demand is setting records. China’s GDP fell to 6.6 percent in 2018, which was the lowest level since 1990. Yet despite that slowing, China imported a whopping 10.31 million barrels of oil per day (bpd) in December, which was 30 percent more than a year earlier and just shy of the 10.43 all-time record set in November. So, in other words, China’s economy has evolved so dramatically that thei
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