#ArizonaBTCReserve China has exempted ethane imports from the United States from a 125% tariff imposed earlier this month. The exemption is part of a broader list of products eligible for the exemption.

The move will help reduce costs for Chinese companies that rely on US ethane to make petrochemicals.

The news comes as the Port of Los Angeles announced that shipping volumes will drop by a whopping 35% next week as US companies stop importing goods from China due to the tariffs.