US Ends LNG Ship Penalty, Sets Tariffs in Escalating Feud With China

The Trump administration scrapped penalties for US liquefied natural gas companies that were set to take effect next week under a sweeping policy aimed at curbing China’s maritime dominance.

“This modification will avoid potential short-term disruptions to the LNG sector while promoting investments in U.S. shipbuilding capacity and production of LNG vessels,” the Office of the US Trade Representative said in a notice on Friday.