Would it be a good idea to require an article to contain at least 1 sentence for being posted?
Starting to look like a trend, not sure if it is good or bad, but things are definitely changing
Idk about a trend, but perhaps a necessity. The Trump government is flinging around so many tariffs and sanctions that it may no longer be practical to hold USDs in reserve for anything. Also doesn’t help that Americans aren’t producing a lot of products people want to buy. Angola and China do $24B in business annually. By comparison, the US and Angola do $3.2B and a healthy chunk of that is just us selling their refined oil back to them.
a healthy chunk of that is just us selling their refined oil back to them.
According to Comtrade, Angola’s imports from the U.S. is mainly machinery, electric equipment, articles of iron and steel, and other products. Oil imports from the U.S. account for 0.3%.
And Bilateral Angola-China trade in 2024 was USD 18.5 billion, with USD 16.24 billion are crude oil exports from Angola to China. This means that 99.9% of Angola’s entire exports to China is oil. That’s more than a ‘healthy chunk’ I would say.
