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Chinese leader Xi Jinping visits Washington on September 24 with talks expected to include reviving U.S. liquefied natural gas trade that collapsed after Beijing imposed a 15% tariff in February 2025. The tariff halted direct U.S. LNG shipments to China, prompting Beijing to source additional volumes from Australia, Southeast Asia, Russia and Canada while U.S. cargoes fell to near zero. A recent 20-year deal between China Gas Holdings and Venture Global covers a small fraction of China’s current imports and does not require tariff relief to take effect.
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