China Axes Imports of Most U.S. Commodities in Escalating Trade War

China slashed its imports of many U.S. energy and agricultural commodities in March amid intensifying trade and tariff tensions with the United States, which are set to further reduce Chinese purchases of American goods this month and in the coming months. China’s LNG imports from the United States crashed to zero in March as China slapped tariffs on American LNG and other energy products, making these uneconomical for Chinese buyers. Last year, U.S. LNG represented about 5% of China’s imports of the super-chilled fuel. Similarly to…