China Resumes U.S. LNG Imports, NatGas Price Inches Higher

There’s at least a partial truce in the ongoing tariff war between the U.S. and China. President Trump began slapping tariffs on certain Chinese imports in retaliation for China’s longstanding policy of ripping off U.S. intellectual property, stealing our trade secrets, and in some cases blocking our goods and services from selling in their country. We’ve had a grossly unfair trade situation with China taking advantage of the U.S. for decades (under weak presidents). Trump had the you-know-whats to put a stop to it. The so-called trade war escalated and China slapped tariffs on certain commodities we used to sell there–including LNG (natural gas). We haven’t sold an LNG cargo to China in over a year. Until now. China is suddenly waiving their 25% tariff on U.S. LNG. Four U.S. LNG cargoes are steaming to the Orient right now.

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