Effect of Trump-Xi Meeting: 4 US LNG Ships Head to China, Chinese Tankers Exit Persian Gulf
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Following the "Trump-Xi meeting," four US liquefied natural gas (LNG) carriers are en route to China, marking the first such shipment of Trump's second term. This is seen as a sign of thawing US-China relations, although China still imposes a 25% tariff on US LNG. Concurrently, two Chinese supertankers carrying a total of 4 million barrels of crude oil, which were stranded for over two months in the Strait of Hormuz due to the "US-Iran War," were freed on the 20th and will return to Guangdong and Fujian in early June.