China to Increase Tariff on U.S. LNG from 10% to 25%
Posted on May 13, 2019 in LNG Exports, Policy, Legislation and Politics | Comments Off on China to Increase Tariff on U.S. LNG from 10% to 25%
Reuters reports that in retaliation for a U.S. increase in tariffs on $200 billion in Chinese goods to 25% from 10%, China is set to increase the tariff on U.S. LNG from 10% to 25% starting June 1. The report states that “[s]o far this year, only two LNG vessels have gone from the United States to China, versus 14 during the first four months of 2018 before the start of the 10-month trade war.”