Skip to main content

Growing trade war with China could hurt growing US LNG industry and consumers

Published by
LNG Industry,


API have issued the following statement in response to China’s increase of the retaliatory tariffs on US$60 billion worth of US products, including US LNG.

“The US and China have a natural supply-demand match when it comes to energy, but China’s increase of retaliatory tariffs to 25% poses a threat to US investment in LNG by limiting our share in the world’s fastest growing LNG market,” said Stephen Comstock, API Director. “These retaliatory tariffs dampen the prospects for the growing US LNG investment, hurt US workers, and benefit America’s foreign competitors.

“Studies show that the US-China trade dispute is hurting US economy and consumers. We urge both negotiating parties to quickly implement a comprehensive trade deal that would eliminate these damaging tariffs, so that American businesses and families can stop paying for this trade war.”

Read the article online at: https://www.lngindustry.com/lng-shipping/14052019/growing-trade-war-with-china-could-hurt-growing-us-lng-industry-and-consumers/

You might also like

Arctic LNG 2 and TechnipFMC sign EPC contract for LNG plant

Arctic LNG 2 and TechnipFMC have signed an engineering, procurement, supply, construction and commissioning contract for an integrated LNG facility with an annual liquefaction capacity of 19.8 million t under the Arctic LNG 2 project.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

US LNG news LNG export news China LNG news