EU ROUND UP – US/CHINA TRADE WAR GIVES EU OIL AND GAS INDUSTRIES A TARIFF ADVANTAGE
June 1st, 2019
OIL and gas companies based outside the USA and China, are enjoying potential tariff-based trade advantages in the American and Chinese markets because of the deepening trade war between the world’s two largest economies.
President Donald Trump has authorised an increase in 10% duties to 25% on China-exported refined and crude oils and motor fuels (including kerosene), natural gas, liquified natural gas, liquified petroleum gas, and naphtha. The larger tariffs – fully in force from June 1 – also cover China-made natural gas byproduct sulphur, ...
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