China slaps 10 pct tariff on US LNG imports

China slaps 10 pct tariff on US LNG importsIllustration only. Image source: Pixabay under CC0 Creative Commons license.

China has decided to impose a 10 percent tariff on imports of liquefied natural gas (LNG) from the United States. 

China’s ministry of commerce noted that the tariffs are a response to the latest tariffs imposed by the United States on $200 billion worth of goods imported from China.

China will impose the 10 percent tariff on $60 billion worth of products imported from the United States, which include LNG, starting September 24, the ministry said in its statement.

The tariffs are below those suggested earlier in August when the ministry proposed a 25 percent tariff on LNG imports.

The ministry added the move to impose tariffs on $60 billions worth of imported goods is to protect the country’s economic interest and security.

In addition to the 10 percent tariff imposed on 3,571 tax items, the ministry noted a 5 percent tax will also be imposed on 1,636 tax items imported from the United States.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >