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China unlikely to drop threat of tariffs on US LNG

China is expected to follow through on its threat to impose tariffs on US LNG, betting on extensive preparations and improved market liquidity to see it through the winter demand season China is expected to follow through on its threat to impose tariffs on US LNG, betting on extensive preparations and improved market liquidity to see it through the winter demand season.
By Colin Shek 20 August 2018 0 32211
CNOOC’s Tianjin LNG terminal CNOOC’s Tianjin LNG terminal. (CNOOC)

China is likely to stick to its guns and levy a 25% import tax on LNG from the United States if the trade friction with Washington worsens. This would disappoint US exporters, who had sensed a possible reprieve after Beijing omitted crude oil from the tariffs it plans to impose this week.

US President Donald Trump’s administration is set to start collecting duties on Thursday on $16 billion of Chinese goods – including motorcycles, speedometers and antennas. Beijing has confirmed it will retaliate...