The effect of this primary tariff exchange was immediate, with Chinese energy traders beginning to redirect cargos of liquefied natural gas to Europe, which has been more than happy to take in any spare LNG as it reels from the first real winter in three years. Crude oil exports from the United States to China will also be affected by the 10% duty. According to some, however, the effect of the tariff war will be most palpable in coal.
The data shows that US LNG feedgas is set to rise from 14 billion cubic feet per day yesterday to 14.4 billion cubic feet per day today.