China’s move to impose tariffs on U. S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale.
China’s move to impose tariffs on U. S. liquefied natural gas imperils the ability of a burgeoning industry to export the bounty of American shale.
Retaliating against new Trump administration tariffs on $200 billion in Chinese goods, China on Tuesday issued levies on $60 billion of U. S. products, including a 10% tariff on liquefied natural gas, known as LNG.
China is the biggest source of new global LNG demand as the country steps up efforts to combat air pollution by shifting from coal-powered plants to natural gas and renewable energy sources. The U. S., which is emerging as a powerhouse in the global gas trade, was expected to mop up a big chunk of that demand.
