Breathing Easy in Beijing May Get Pricey on U.S. Gas Targets
- China flags 25% tariff on U.S. LNG, no implementation date
- Chinese LNG imports from U.S. peaked during the last winter
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Chinese President Xi Jinping’s trade policies are threatening to make his environmental goals more costly to meet.
The world’s biggest gas importer included U.S. liquefied natural gas on a list of goods Friday that could be hit with a 25 percent duty. While no date has been set to implement the tariff, the announcement comes just a few months ahead of winter, when Chinese demand for the U.S. heating fuel is likely to peak.