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Worries about a tariff on LNG rise

By May Zhou in Houston | China Daily | Updated: 2018-08-11 07:39

When US President Donald Trump made his first state visit to China in November last year, agreements between the United States and China related to liquefied natural gas amounted to tens of billions of dollars.

The deals were touted by Trump at the time as a big win for his visit. But now, if China's proposed 25 percent tariff on US LNG takes effect, either they will be off the table or US and Chinese companies alike will suffer financially if they stick to the deals.

China's tariff proposal is in retaliation for Trump's proposed new round of tariffs on Chinese goods.

Worries about a tariff on LNG rise

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