China may exempt ethane and LPG from hefty tariffs, Goldman

China, the world’s dominant plastics producer, could exempt imports of petrochemical feedstocks ethane and liquefied petroleum gas from tariffs should talks with the US prove positive, Goldman Sachs Group Inc. said. While President Donald Trump said this week that his administration was talking with China on trade, Beijing has denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs.

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