China 🇨🇳 has lifted the 125% tariff on ethane imported from the United States 🇺🇸 that was imposed earlier this month. This tariff exemption is part of a broader list of products that are receiving preferential treatment.\n\nThis decision will help reduce costs for Chinese companies that rely on ethane from the U.S. for petrochemical production.\n\nThis information was released simultaneously with the announcement from the Port of Los Angeles that shipping volumes will sharply decline by 35% next week, as U.S. companies halt imports from China due to the tariffs.