Venezuela does not give China a Taiwan precedent
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Trump wants to own Venezuela’s oil, but its largest oil customer is speeding toward clean energy
Energy experts say the US and China are diverging on the energy transition, with China sprinting far ahead on renewables and EVs, while the US doubles down on drilling oil at home and abroad.
Beijing, which likes to play the long game, is no fan of chaos. That is certainly what it seems to be coming up repeatedly against in Trump's second term. It had planned ahead and weathered the on-again, off-again trade war. Xi will believe he showed the US and the world just how dependent they are on Chinese manufacturing and technology.
Michael Sobolik, a senior fellow at the Washington-based Hudson Institute and a former aide to US Senator Ted Cruz, tells RFE/RL about what China is learning from the US strike and what it means for Beijing as it looks to compete with the United States around the globe.
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China’s biggest oil companies are scrambling for direction as Washington turns up the heat on Venezuela.
First, the country must kick out China, Russia, Iran, and Cuba and sever economic ties, the sources said. Second, Venezuela must agree to partner exclusively with the U.S. on oil production and favor America when selling heavy crude oil, they added.
A think tank reported in June that Venezuela's radar fleet suffered shortages of spare parts amid "minimum" Chinese tech support.
China criticized the Trump administration’s reported call for Venezuela to sever its alliances with US rivals, labeling the move a “bullying act” as their competition for influence in the region emerges as a new source of friction.
Not only did America capture one of China’s closest South American allies, it also exposed the limits of Chinese power. Some have asked whether America’s actions in Caracas could pave the way for something similar in Taipei.
In his efforts to "run" Venezuela after the capture of dictator Nicolás Maduro, President Donald Trump and his administration have pressured Venezuela's government, now led by Delcy Rodríguez, to cut ties with America's adversaries.