Iran War Gives Xi The Chance to Rekindle Gas Sales With Trump
Donald Trump and Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing on May 14.
Photographer: Alex Wong/Getty Images
As the leaders of the world’s two largest economies meet in Beijing, energy markets will be watching closely for any breakthrough in a dispute that has reshaped global fuel flows: China’s tariffs on US oil and gas.
Shortly after President Donald Trump announced sweeping tariffs in February last year, Beijing retaliated with levies on US energy — 15% on liquefied natural gas and 10% on crude oil. The result was an almost immediate halt in imports of both fuels.