China 🇨🇳 has waived the 125% tariff on ethane imports from the United States 🇺🇸 that was applied earlier this month. This tariff exemption is part of a broader list of products that are benefiting from the incentives.

This decision will help reduce costs for Chinese companies that rely on ethane from the U.S. for petrochemical production.

This information was released simultaneously with the announcement from the Port of Los Angeles that shipping volumes will sharply decrease by 35% next week, as U.S. companies cease imports from China due to the tariffs.