In response to the new wave of tariffs announced by the United States, China plans to fight back with USD 60 billion worth countermeasures, targeting, among others, the imports of liquefied natural gas from the U.S.
The Chinese Ministry of Finance announced on Friday, August 3, that it plans to impose 25 percent tariffs on LNG imports from the U.S. The new retaliatory tariffs would also impact copper (25 pct tariff increase), agriculture, as well as power/renewables.
