Reuters is reporting that China has set a 10% tariff on US LNG imports, marking the latest development in the ongoing trade dispute between the US and China.
Beijing has said it will tax US products worth US$60 billion effective 24 September in retaliation for tariffs imposed by US President Donald Trump.
The tariffs undermine President Trump’s drive to eastablish the US as a global energy leader, however the 10% rate is lower than the 25% tariff China had previously threatened.
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