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US-China deal eases tensions but offers little for LNG

The new trade agreement is a step forward but does not fully resolve the problems between Washington and Beijing – and China’s 25% import tariff on LNG remains in place The new trade agreement is a step forward but does not fully resolve the problems between Washington and Beijing – and China’s 25% import tariff on LNG remains in place.
By Colin Shek 20 January 2020 Asia Pacific / LNG 0 34946
ENN's Zhoushan LNG terminal in China. (ENN)

The implications for the LNG sector of last week’s ‘phase one’ trade agreement between the United States and China are likely to be modest in the short term, since Beijing has given no sign it intends to adjust the current 25% tariff on Chinese imports of US LNG.

The trade deal signed last Wednesday between US President Donald Trump and Chinese Vice Premier Liu He will offset much of the damage done to global trade and activity from Washington’s earlier...