A Gaslight Moment for US China Trade Relations The proposed reduction or elimination of China's tariffs on American liquefied natural gas (LNG) marks a significant shift in the fragile trade relationship between the world's two largest economies.
As Chinese President Xi Jinping prepares to visit Washington next week, the US and China are engaged in high stakes negotiations that could see both sides cut tariffs on $30 billion worth of goods.
The development has far reaching implications for global energy markets. For years, trade tensions have hindered American LNG producers' access to one of their largest markets.