An Energy Trade War Is Brewing Between China The U.S.

It may be a lame duck session, but Donald Trump’s presidency is far from over, and neither is his trade war with China. Just a few days ago the sitting president announced that he intends to extend the United States’ blacklist of Chinese companies which are allegedly military-controlled. The newest proposed additions to the list are China’s largest chip producer SMI and oil giant CNOOC, which will have the effect of “escalating tensions with Beijing before President-elect Joe Biden takes office” according to Reuters.…