- Lark Davis has downplayed the potential impact of China’s retaliation against the US.
- China’s imports from the US are relatively insignificant.
- Investors are paying attention to the US-China trade war.
Renowned Bitcoin investor Lark Davis has downplayed the potential impact of China’s retaliatory move against the US by threatening to impose tariffs in a brewing trade war. In a recent post on X, the analyst noted that the volume of oil China imports from the US is insignificant, and a tariff on that will have no crucial effect on US trades.
US-China Trade Dynamics
According to Davis, the US ranked 10th among the countries supplying oil to China. The Chinese government imported 6% of its LNG from the US and claimed four million tons of US oil exports out of 87 million tons in 2024.
Most of China’s…
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