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US Trade Talks: What to Watch on Energy

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Government delegation after government delegation is heading to Washington, making promising noises about buying more US energy — mainly US LNG — and other goods. But two weeks after the Trump administration announced a 90-day pause on its higher rate “reciprocal” tariffs, no quick, clinical deals centered on energy and other purchases have been struck. Reality may be biting, with the US struggling on capacity grounds to hammer out deals and negotiations complicated by expanding and at times unclear US asks, deadlines, and resolve. So far, India has made progress on a “roadmap” toward a final deal. Japan has scheduled a second round of talks from Apr. 30 but wants to keep security issues separate from tariffs. Talks with South Korea, where LNG and shipping are in play, kick off on Apr. 24. Others, like Thailand, have seen negotiations delayed, or, like Indonesia and the EU, have held high-level but inconclusive talks. US President Donald Trump's announcement on Tuesday that the US’ 145% tariff rate on China will “come down substantially” creates yet more uncertainty.

Topics:
Tariffs, Macroeconomics, LNG Trade, LNG Supply, LNG Projects
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