#AirdropFinderGuide China recently canceled the 125% tariff on ethane imports from the United States, Reuters reports citing two informed sources. The tariff, which was imposed earlier this month, has now been revoked, providing relief to Chinese companies importing American ethane for petrochemical production. This decision will also create a market for liquefied natural gas, a byproduct of shale gas extraction in the U.S. Among the Chinese companies importing ethane are Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical, and Wanhua Chemical Group. Major exporters from the U.S. include Enterprise Products Partners and Energy Transfer. According to the U.S. Energy Information Administration, China purchases nearly half of all ethane exports from the U.S.

Earlier this month, China raised tariffs on imports of American goods, including ethane, to 125%. This was a response to U.S. President Donald Trump's decision to impose higher tariffs on the world's second-largest economy.