China Says to Impose 10 Percent Tariff on U.S. LNG from September 24; Keeps U.S. Crude Oil Off List -
"China announced retaliatory tariffs on an additional $60 billion worth of U.S. imports that included a 10 percent tariff on LNG, effective September 24, but Beijing kept crude oil off its latest list of products incurring charges."
Why this is important: The imposition of a 10 percent tariff by China on LNG imports from the U.S. is unfortunate for both domestic gas producers as well as the citizens of China. The Chinese economy is hungry for natural gas imports to both fuel its internal growth and reduce toxic air emissions from other energy sources. This gas tariff is collateral damage from the ongoing trade disputes between the U.S. and China....
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