Supply & Demand

China to pay for targeting LNG in US trade dispute

China’s latest salvo in its trade dispute with the US shows Beijing is digging in for a long fight, but the move could end up costing Chinese importers China’s latest salvo in its trade dispute with the US shows Beijing is digging in for a long fight, but the move could end up costing Chinese importers.
By Colin Shek 6 August 2018 0 32020
The Tianjin LNG terminal The Tianjin LNG terminal. (CNOOC Tianjin LNG)

China’s threat to impose tariffs on LNG imports from the United States underlines Beijing’s willingness to pay more for its gas and have less choice about where it buys from this winter, as it seeks to match the US tit-for-tat in an increasingly bitter trade conflict.

China’s Ministry of Finance included LNG for the first time in a list of retaliatory 25% tariffs on $60 billion worth of US goods that it released on Friday, in a sign Beijing will not back down...