Focus on how US is positioned between Venezuela and China's trade, with China feeling chokehold on Venezuelan oil access.
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Asking about China's real problem being debt rather than oil regarding Venezuela.
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Heidi Crebo-Rediker
Beijing has $10-20B Venezuela debt exposure structured as oil-for-loans, representing about 4% of China's oil - painful but not existential.
Questioning US oil company enthusiasm for Venezuela given past bad history and governance uncertainty.
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Heidi Crebo-Rediker
Venezuela lacks stable rules, long-term capital for infrastructure repair, and security - not a secure place for investment now.
Asking if metal tariffs are going to be lower than expected based on FT report.
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Heidi Crebo-Rediker
Tariffs will come down but it will be a bumpy ride to reach stability, with many exemptions for needed US imports.