Trump Says China’s Xi Likes the Idea of Buying More Oil From US
(Bloomberg) -- President Donald Trump said his Chinese counterpart Xi Jinping likes the idea of buying more US oil, as the leaders meet in Beijing.
Trump made the comments in an interview with Fox News, after a White House official on Thursday said China was interested in purchasing more US crude to reduce its dependence on the Strait of Hormuz. The crucial waterway has been effectively closed since the Iran war began in late February, bottling up roughly a fifth of the world’s oil and liquefied natural gas flows, driving up prices.
China’s official statements have so far not mentioned energy as a topic the two leaders have discussed, but did say the Middle East was addressed. Trump and Xi spoke for more than two hours on Thursday and are scheduled to meet again on Friday before the US president heads back to Washington.
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