U.S.-China propane tariff war (2018-2020)
Beijing slapped a 26% retaliatory tariff on U.S. propane in 2018 during the first trade war. Chinese buyers shifted to Iran, Qatar, and the United Arab Emirates. In 2020, China waived the tariff, and American volumes surged back.
U.S. propane exports to China collapsed, then recovered sharply after the waiver.
Proved Chinese buyers can switch suppliers quickly and return just as fast when tariffs lift. By 2024, the U.S. supplied 32% of China's propane imports.
The current 10% tariff is the same lever. It already cut U.S. exports to China by 28% in 2025, and the trade shifted toward India rather than reversing the export boom.
