China will easily replace the supplies of oil from the United States, said the expert

© RIA Novosti / Maria to Plotnikova in photosangelina flag of China in Beijing. Archival photoChina will easily replace the supplies of oil from the United States, said the expert© RIA Novosti / Maria to Plotnikova the image Bank

China will not be big problems to replace oil imports from USA imports from other countries, besides China in recent years, increasing oil reserves, said to RIA Novosti expert energy Centre of Moscow school of management SKOLKOVO Catherine Grushovenko.

«The share of oil supplies to China from the US small — about 2%. So big problems to replace this volume, at the expense of Iran will be easy. Do not forget about the oil reserves, which China in recent years is increasing. Expected shortage in the market is not worth it. However, it may temporarily complicate the work of oil refineries that have relied on this oil,» he explained, Grushovenko.

Reuters in early October reported, citing President China Merchants Energy Shipping (CMES) CE Collina that oil supplies from the US to China completely stopped on the background of the trade conflict countries.

A trade war between China and the United States began after July 6 of this year came into force the mutual increased customs duties between these countries. USA imposed a duty of 25% on 818 import of goods from China total volume of supply in 34 billion dollars a year. As a countermeasure, China on the same day, imposed a duty of 25% on import of equivalent amount of American goods.

In late September, entered into force the new US tariff of 10% on goods from China import volume at $ 200 billion a year. China introduced in response to the fee at the rate of 10% and 5% on American imports with a volume of $ 60 billion. Oil is not subject to these duties, however, companies in China decided to abstain from its procurement.

China will easily replace the supplies of oil from the United States, said the expert© Infographical war, the United States

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