Insight
US-China trade tensions: what are the implications for commodities?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 15 June, the US administration announced it would impose 25% tariffs on about US$50 billion of Chinese goods. China immediately retaliated with tariffs of the same scale and amount – including US energy products as one of its targets. The US has since responded with the threat of another US$200 billion round of import taxes, escalating the situation further. In this Insight, we assess the likely impact – if implemented – of these tariffs on crude oil, LNG, propane, petrochemicals, power and coal.
Table of contents
- Key takeaways
- Crude oil
- LNG
- Propane and petrochemicals
- Power
- Coal
- Conclusion
Tables and charts
This report includes the following images and tables:
- Share of US production destined for exports
- Power demand for key industries
- Power intensity for key industries
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus April 2025: surviving the trade war
China’s strategy to mitigate the economic damage from the trade war
$1,150
Insight
China imposes export controls on some medium and heavy rare earths
China imposes export controls on key rare earths. We explore impacts, alternatives, and their effects on the global rare earth market.
$1,050
Insight
Trump trade tensions: How US-China tariffs are reforming the aromatics and derivative markets
Analysis on the impact of tariffs on US and China aromatics industry
$900
