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Reality bites as China imposes smaller US LNG tariffs

China’s smaller-than-feared tariff on US LNG imports gives Beijing room to use the fuel as a weapon in the ongoing trade war China’s smaller-than-feared tariff on US LNG imports gives Beijing room to use the fuel as a weapon in the ongoing trade war.
By Colin Shek 21 September 2018 0 32634
The Dalian LNG terminal in China PetroChina’s Dalian LNG terminal. (Interfax)

China’s decision to lower its proposed tax on LNG imported from the United States from 25% to 10% suggests Beijing is looking to limit the potential fallout from its trade war with Washington on LNG markets while offering an overture to US President Donald Trump.

China’s Ministry of Finance confirmed on Tuesday that it would follow through with a threat to tax roughly $60 billion of US imports – including LNG – in retaliation for new duties on $200 billion of Chinese goods...