China’s Petchem Plants Brace for Shutdown Amid Looming US LPG Tariffs
Impact of Beijing’s Tariffs on U.S. LPG Imports for Chinese Petrochemical Industry Chinese petrochemical manufacturers have been major buyers of U.S. liquefied petroleum gas (LPG) annually, with an estimated purchase volume of $11 billion. However, this trend is set to change due to Beijing’s retaliatory tariffs on U.S. imports, which are driving up costs for…