Supply & Demand

Trade war threatens prospects of US gas sector

The US risks losing out in its trade war with China, the ramifications of which will be felt far beyond the bilateral trade between the two countries The US risks losing out in its trade war with China, the ramifications of which will be felt far beyond the bilateral trade between the two countries.
By Abhishek Kumar 24 August 2018 0 32224
Bukit Merah, Singapore Trump has threatened to impose higher duties on all Chinese imports if China continues to ignore US concerns. (chuttersnap/unsplash.com)

The ratcheting up of trade tensions between the United States and China has the potential to severely dent the outlook for the US gas sector, and the country’s LNG exports in particular. The brinkmanship between Washington and Beijing is poised to result in higher tariffs on several hydrocarbon commodities that China imports from the US. This will in turn dent the competitiveness of the affected commodities in the highly prospective Chinese market – something the US can ill afford. Moreover, there is a real risk...