New ptj Issue
Management & Recruitment
Changing How we Educate Engineers in Industry
Michelle Unger >>> ROSEN Group
Corrosion Prevention
For a century now, DENSO Group Germany represents experience, quality and reliability for corrosion prevention and sealing technology
The Advantages of DVGW TSM – a Technical Safety Management System
Peggy Zeppei >>> ONTRAS Gastransport
Life Long Learning and Career Development in Using a Web-Based Knowledge Network
Dr. Robert Stein >>> Prof. Dr.-Ing. Stein & Partner
Engineering Development Prepares the Next Generation of Pipeline Professionals
Eric Freeman >>> T.D. Williamson
Getting the New Generation to Choose for Pipelines - and KEEP Them!
Cindy Dirkx >>> IRM Systems / Young Pipeline Professionals Europe

Escalating Trade War Between China and the US Threatens Pipeline Industry

Escalating Trade War Between China and the US Threatens Pipeline Industry (Shutterstock / rawf8)

China has kept true to its promise of matching U.S. tariffs in scale and intensity by levying higher tariffs on $3 billion worth of U.S. goods, including a 15 percent tariff on the steel pipe that is used in oil and gas pipelines.

While this particular steel pipe is manufactured in the pro - Trump state of Texas, it is not expected to have much of an impact on the export of these products. However, according to Praveen Kumar, executive director of the University of Houston’s Gutierrez Energy Management Institute, if the trade war escalates to broader energy related machinery classes, then Houston will be more exposed.”

There are already signs that this will happen. 1300 Chinese products are on a list for additional tariffs in the United States.

"This will likely trigger a second round of countervailing penalties from China", Cambridge Global Payments director Karl Schamotta said, "and shortly after last night's statement, several party-controlled media outlets said that a second round of penalties could include strategically vital product categories like soybeans and aircraft".

Amid all the inflamed rhetoric and tit-for-tat actions it is noteworthy that Washington has begun behind the scenes talks in resolving divisive trade policies through negotiation. Yet if these drag on leading to further punitive measures, the Chinese seem prepared: “We have the confidence and ability to respond to any US trade protectionist measures,” a spokesperson said. “As the Chinese saying goes, it is only polite to reciprocate.”

Add new comment

Subscription

Subscribe for free in order to get the next issue of Pipeline Technology Journal and the bi-weekly ptj Newsletter directly into your mailbox. You could unsubscribe at any time if you wish.

Subscribe

Contact

Admir Celovic
E-mail: ptj@eitep.de
Phone: : +49 (0)511 90 99 2-20



Contact Page
Go to top