Torbjørn Færøvik: U.S.-China Trade Talks: The Clock is Ticking

The clock is ticking. On August 12, Donald Trump’s deadline for trade talks with China expires. But there’s no guarantee the Chinese negotiators will bow to the self-styled world emperor in the White House.The underlying reality is this: China has been quietly working to reduce its dependence on the United States and the American economy.Take the oil sector. At U.S. oil terminals where “China