US, China Discuss Cutting Tariffs on American LNG Exports
The US and China are discussing a plan to reduce or eliminate China's tariffs on American liquefied natural gas (LNG) in preparation for Chinese President Xi Jinping's upcoming visit to Washington.
The move is part of a broader package of energy and agriculture agreements that could be announced when Trump and Xi meet next week, according to sources briefed on the discussions.
US LNG producers are seeking new markets to absorb the wave of new export capacity being built along the US Gulf Coast, with years of trade tensions having made one of the world's biggest LNG markets less accessible.
The American LNG industry is entering a major expansion phase, with export capacity set to grow by roughly 10 billion cubic feet per day through 2027 as new and expanded facilities ramp up.