China tariff retaliation targets its modest US energy imports
“The tariffs will make flows of U.S. West Texas Intermediate crude into China expensive relative to alternatives such as Kazakhstan’s CPC and Abu Dhabi’s Murban grades”, said Sparta Commodities analyst June Goh.
Reuters, February 4, 2025 – China imposed retaliatory tariffs of 10% on U.S. crude oil and 15% on LNG and coal, following U.S. President Trump’s tariffs. Despite modest U.S. energy imports, the move could shift China’s buying patterns. June Goh from Sparta Commodities noted that U.S. WTI flows to China will become costly relative to alternatives like Kazakhstan’s CPC and Abu Dhabi’s Murban, though global WTI prices are unlikely to see significant impacts due to easy redirection to other regions.
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