🇨🇳🇺🇸China's US Energy Imports Drop to Near Zero Ahead of Critical Stockholm Trade Talks China's imports of major US energy products—crude oil, liquefied natural gas, and coal—hit nearly zero in June, marking a significant shift as Beijing and Washington prepare for their third round of trade talks in Stockholm next week. Chinese crude oil imports from the US fell to zero for the first time in almost three years, down from $800 million in June 2024, while gas deliveries remained at zero for the fourth consecutive month and coal purchases dropped to just hundreds of dollars from over $90 million a year ago. The collapse follows Chinese tariffs of 10%-15% imposed on American energy products since February. Treasury Secretary Scott Bessent will meet Chinese counterparts in Stockholm to extend the tariff truce beyond August 12, with discussions expected to include China's continued purchases of sanctioned Russian and Iranian oil amid US threats of massive tariffs on countries buying Russian energy.