Tariff on US LNG may reshuffle global market

China's tariff on exports of US liquefied natural gas could price the United States out of the Chinese market and rearrange the global market, warned some US industry leaders and experts.

China announced on Tuesday retaliatory tariffs on an additional $60 billion worth of US imports, including a 10 percent tariff on LNG, effective Monday.

China's announcement came after the US said on Monday it would implement a 10 percent tariff on an additional $200 billion worth of Chinese imports as of Monday.