Oil, LNG Trade Flow Hike As US Extends China Trade Tariff Deadline

The US plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% if trade negotiations with Beijing did not yield an agreement.
Both China and the U.S. confirmed that their talk had “substantial progress” on important structural issues, and scheduled increase in tariffs delayed.
China imposed a 10% retaliatory tariff on US LNG imports effective September 24, but does not yet have any tariffs on US crude.
US crude exports to Asia are set to swell over March and April, aided by a...