Sunday, June 21, 2026
China and US flags -oilandgas360

When Taking Aim at a Trade Gap It’s Easy to Miss the Target

From The Wall Street Journal As recently as 2009, nearly half the U.S. trade deficit was driven by one product: petroleum. If ever a national strategy could be devised to tackle the trade gap by targeting an individual product or individual set of countries, American dependence on foreign oil was on its face the place to look. The U.S. did,