Traders Set to Seek Waivers From China’s Tariff for Booked U.S. Oil Cargoes

Traders are largely expected to ask China for waivers over the Chinese tariff on U.S. energy imports for oil cargoes that are already traveling to China or have been booked, Reuters reported on Thursday, quoting trade sources. China announced earlier this week tariffs on U.S. energy, slapping a 10% levy on imports of crude oil from the United States and 15% of American LNG, effective February 10. The tariff announcement followed the U.S. tariff of 10% on all imports from China which took effect on February 4. Now traders with cargoes already booked…