China Caves On Major Us Export After White House Predicts Beijing Can’t Keep Up

China Caves On Major Us Export After White House Predicts Beijing Can’t Keep Up

CHINA CAVES ON MAJOR US EXPORT AFTER WHITE HOUSE PREDICTS BEIJING CAN’T KEEP UP. Chinese companies that rely on U.S. ethane include Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical and Wanhua Chemical Group, while the key U.S. exporters are Enterprise Products Partners and Energy Transfer.

Ethane joins a growing list of products that China has granted tariff exemptions for amid the ongoing trade war with Washington.

News of the ethane tariff’s removal comes after U.S. Treasury Sec. Scott Bessent insisted that Trump’s tariffs were putting major pressure on Beijing. Speaking at the White House on Tuesday morning, Bessent said the tariffs stand to cost China millions of jobs if it doesn’t change course.
Credit to : The Stewart Alastair Edition