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US shale could be next victim of US-China trade war

China could deal a hard blow to the US shale sector if it decides to levy tariffs on petrochemicals and liquefied propane and restrict imports of US crude and liquefied natural gas in retaliation for President Donald Trump's proposed tariffs on Chinese goods. China is the biggest regional importer of US crude and LNG, with US oil net exports to China more than doubling from 2016 to about 435,000 barrels per day last year while LNG exports averaged about 750 million cubic feet per day in the fourth quarter of 2017.

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