Trump Needs to 3x LNG Sales to Europe To Offset China’s 10% Tariff — Panjiva


Trump Needs to 3x LNG Sales to Europe To Offset China’s 10% Tariff

China 1758 Energy - Conventional 272 Energy - Natural Gas 86 European Union 406 Japan 381 South Korea 383 Tariffs 1169 U.S. 3297

U.S. liquefied natural gas (LNG) exports are one of the top 10 products targeted by China’s retaliation against America’s section 301 tariffs. The positive news in the near-term is that the initial duty rate of 10% is lower than the originally planned 25%, though that is enough of a challenge for exporters including Cheniere and Dominion. Global LNG demand looks healthy given imports by China, Japan and South Korea climbed 21% in the past 12 months on a year earlier, though a 43% surge in prices suggests underlying volumes are in decline. China’s $22 billion of imports will be sorely mis...

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