US EditionChina waives tariffs on U.S. ethane imports, Reuters reports
- On Tuesday, China lifted its 125% tariff on ethane shipments from the United States, providing relief to Chinese petrochemical companies.
- The tariff was initially imposed earlier this month as part of China's retaliation against President Trump's sweeping tariff campaign.
- China accounts for about 50% of U.S. Ethane exports, which play a crucial role in the manufacturing operations of firms such as Sinopec and Wanhua Chemical Group.
- The U.S. Energy Information Administration reported China imported 492,000 barrels per day of U.S. Ethane in 2024, expected to reach 530,000 barrels in 2025.
- This tariff waiver signals a notable step in ongoing trade negotiations and may help mitigate further economic impact between the two countries.
23 Articles
23 Articles
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With an all-out trade war between the U.S. and China, a new report by Investors Observer shows which U.S. states are most exposed and what that could mean for their economies. Behind states like California and Texas, Florida came in at number 10 as the state that could see a negative impact from higher tariffs. According […] The post Florida Ranks 10th Among U.S. States Most Exposed to China Tariffs appeared first on Florida Daily.
Trade Win: China Quietly Caves On Many Of Trump's Key Tariffs
China just lifted a massive 125% tariff on U.S. ethane, walking back one of its key retaliatory trade moves. The quiet reversal signals that Trump’s tariff strategy may be hitting harder than Beijing expected. Key Facts: China removed a 125% tariff on American ethane imports, imposed earlier this month. China is the largest buyer of U.S. ethane, consuming nearly half of total exports. Major Chinese chemical companies depend on U.S. ethane to op…
China waives tariffs on US ethane imports, sources say
China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions.
China Lifts Tariffs on U.S. Ethane, Easing Petrochemical Tensions
China has lifted the 125% tariff on U.S. ethane imports, a move set to relieve Chinese petrochemical firms and create an outlet for U.S. shale gas byproducts. Ethane is crucial for companies like Satellite Chemical and Sinopec, which heavily rely on U.S. exports for production.
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