India Considers Removing Tax on U.S. LNG to Hike Imports

India is weighing the option to scrap its import tax on American liquefied natural gas to increase U.S. LNG imports and reduce its trade surplus with the United States, sources from Indian industry and government have told Reuters. Since taking office in January, U.S. President Donald Trump has been on the offensive to impose tariffs on countries with which the United States has large trade deficits. India is one of these. India could make U.S. LNG more competitive in its market if it removes the import tax, a government source told Reuters. “We…