Trump Trade Deal Lifts Ethane Export Ban to China; Cargo to India

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MDN recently brought you the news that the Trump U.S. Bureau of Industry and Security (BIS) was blocking at least three (possibly more) cargoes of ethane by rejecting permits to export to Enterprise Products Partners (see U.S. Denies Permit for Enterprise to Export Ethane Cargoes to China). Ethane is a raw feedstock used to create plastics. Denying China access to our ethane will hurt the Chinese economy. We later reported that it appears the export ban to China was just a bargaining position and was unlikely to remain in place (see Trump Using Ethane Exports to China as Bargaining Chip in Trade War). That observation was prescient. On June 10, U.S. and Chinese negotiators reached a tentative framework that removed the export ban.

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