China raises US LNG import tariffs to 25%

Oil & Gas Journal: In retaliation for the US increasing the tariff on $200 billion in Chinese goods to 25% from 10%, which took effect May 10, China reported May 13 it will assess a 25% tariff on US LNG starting June 1—an increase from the 10% level instituted in September.

Since the LNG tariffs have been in effect, only four cargoes have been delivered to China from the US compared with 35 cargoes in the prior September-April period. This is despite more than 30% growth in both Chinese LNG imports (32%) and US exports (38%) over the same timeframe.

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