US – China trade war: dialogue shifts towards de-escalation, large issues remain

The U.S. and China have agreed a temporary ceasefire in the ongoing trade conflict. The tariff freeze is a step towards shifting the tone of U.S.-China dialogue back towards commercial opportunities that benefit both countries, particularly in LNG, chemicals, and oil. But, we still remain cautious on what these announcements mean for the global economy and for commodity markets. We breakdown our assessment of what the latest U.S. – China announcements mean for LNG, chemicals, and oil markets.