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China's tariffs on US LNG
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The trade war between the US and China could intensify. On 3 August 2018, China unveiled plans to put tariffs on US$60 billion worth of US goods as a proposed retaliation measure against recent US tariff proposals. This includes a 25% import tax on US LNG into China. What are the implications? If implemented, the impact of a tariff would be different depending on whether LNG is sold via existing contracts, new contracts or spot trade.
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