Concerns Over Trump's Trade Policies

Leading companies in the liquefied natural gas (LNG) sector have raised alarms regarding the Trump administration's latest trade duties and regulations targeting Chinese-built vessels. According to a report by the Financial Times, these measures could significantly undermine President Trump's ambitious "energy dominance" agenda.

Potential Economic Impact

The American Petroleum Institute (API) has highlighted in lobbying letters that the newly announced fees on Chinese-made ships docking at US ports might inflict an annual loss of $34 billion on the country's export industry. This revelation underscores the potential economic repercussions of the administration's trade policies.

Compliance Challenges

Further complicating matters, the API pointed out the current lack of US-built ships capable of transporting LNG, coupled with American shipyards' insufficient capacity to meet the demand for LNG carriers by the 2029 deadline. This situation poses significant challenges for LNG producers striving to comply with the new regulations.