US Ends LNG Ship Penalty, Sets Tariffs in Escalating Feud With China
The Trump administration has taken steps to escalate its ongoing trade feud with China. The administration has scrapped penalties that were set to be imposed on US liquefied natural gas (LNG) companies starting next week. These penalties were part of a broader policy aimed at curbing China's maritime dominance. At the same time, the administration has imposed new tariffs on certain Chinese goods. The specific details of these tariffs are not provided in the article. The article suggests that these actions are part of a continuing trade dispute between the US and China, with both sides taking measures to assert their respective economic and geopolitical interests. However, the article does not delve into the broader context or implications of this escalating feud.
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