China resells first US gas shipment to sidestep tariffs

China has re-exported its first shipment of U.S. liquefied natural gas (LNG) in over a year, aiming to avoid paying a 25% customs duty on local imports. The shipment was unloaded at Yangpu Port and prepared for re-export to foreign markets where prices are higher. This move comes amid a decline in China's imports of U.S. gas following the imposition of tariffs in February 2025, while Beijing has increased its imports from other suppliers such as Canada and Oman to benefit from rising gas prices and export markets.

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