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China Wields Commodities Leverage with LNG and Tungsten Tariffs
Liquefied natural gas and tungsten — a metal used in the defense and energy industries — are the commodities on the front lines of the opening salvo of the US-China trade war. President Donald Trump pulled the trigger on a blanket 10% tariff on all Chinese imports on Tuesday, prompting Beijing to hit back, albeit with relatively targeted measures. In the raw materials space, that included export controls on tungsten, as well as other minor metals such as molybdenum and tellurium, a 15% import levy on LNG and coal and a 10% duty on oil and agricultural equipment. Commodities flow mainly from the US to China, with ... (full story)