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China's trade truce with U.S. makes room for energy sector

President Trump and Chinese leader Xi Jinping
President Trump and Chinese President Xi Jinping shaking hands. Photo: Nicolas Asfouri/AFP via Getty Images

In case you missed it over the weekend, the U.S. and China announced a truce — for now — in their trade war, and energy is part of the deal.

Why it matters: China's energy thirst is massive. It's now the world's largest oil importer and second largest LNG importer, and also buys coal from abroad despite being the world's largest producer.