Reported about 10 hours ago
President Trump's efforts to bolster the U.S. coal industry face challenges as coal exports drop significantly due to tariffs imposed by China. A recent government report indicates a 14% decline in domestic coal exports this year, primarily attributed to China halting its coal imports from the U.S. Despite attempts to support the industry through regulatory rollbacks and financial pledges, rising natural gas prices, not Trump’s policies, have contributed to a modest increase in coal production. Analysts remain uncertain if upcoming trade discussions will positively impact coal exports.
Source: YAHOO