Wilbur Ross to China: Import More U.S. Gas to Cut Trade Gap

  • China is already the third-biggest importer of U.S. LNG
  • State-owned CNPC inked the first long-term deal with Cheniere
Commerce Sec. Wilbur Ross on Tariffs, Possible Response From China
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What would it take for China to reduce its trade gap with the U.S.? Buy more natural gas, for a start, says Secretary of Commerce Wilbur Ross.

Diverting its purchases from other countries to America would be the “simplest” solution, Ross said during an interview with Bloomberg TV after President Donald Trump ordered tariffs on at least $50 billion in Chinese imports. Buying more U.S. liquefied natural gas would be a step in that direction, he said.