World · Singapore Bureau
US, China explore tariff cuts on American liquefied natural gas
Washington and Beijing are in talks to reduce duties on US liquefied natural gas exports, potentially easing trade tensions ahead of a high-level diplomatic visit. The discussions signal a possible thaw in commercial relations between the world's two largest economies.
LSN Singapore ·
The United States and China have entered negotiations aimed at lowering tariffs on American liquefied natural gas, according to sources familiar with the matter. The talks represent a potential breakthrough in trade relations between the two nations, which have been strained by years of tit-for-tat tariff increases across numerous sectors.
Liquefied natural gas has become an increasingly important commodity in regional energy markets, with several Southeast Asian economies seeking reliable supply sources. Lower tariffs on US LNG could make American shipments more competitive for Chinese buyers while also benefiting regional energy security.
The negotiations are taking place amid preparations for an expected visit by Chinese President Xi Jinping, suggesting both sides may be seeking to establish goodwill before high-level talks. Trade analysts say tariff reductions on energy commodities could serve as an opening for broader discussions on commercial disputes.
If successful, the deal would mark one of the first significant trade concessions between Washington and Beijing in recent years. The outcome could influence energy pricing across Asia-Pacific markets and set a precedent for future negotiations on other commodities and manufactured goods.