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Policy & Regulation

Trump ratchets up trade tensions to put China out of reach for US LNG

Donald Trump took to Twitter on Thursday to beat the trade war drum, shattering a truce reached with Chinese President Xi Jinping a month ago and darkening the outlook for the second wave of US LNG projects Donald Trump took to Twitter on Thursday to beat the trade war drum, shattering a truce reached with Chinese President Xi Jinping a month ago and darkening the outlook for the second wave of US LNG projects.
By Colin Shek 2 August 2019 Asia Pacific / LNG 0 34455
Donald Trump gives a speech at the Cameron LNG project in Louisiana in May 2019. (PA)

United States President Donald Trump’s abrupt threat on Thursday to tax all goods imported by the US from China next month effectively rules out any reprieve for American energy exporters in the near term, complicating the path to FID for the second wave of US LNG projects.

Trump’s announcement that the US will impose a 10% tariff on $300 billion of additional Chinese imports beginning 1 September marks a sudden escalation in the year-long trade war that is threatening the health of the...