“6月份，中国对美三大主要能源进口几近清零”

Core Insights - The U.S. energy sector, particularly oil and gas, has been severely impacted by the trade war initiated by the Trump administration, leading to a significant reduction in energy exports to China [1][4][5] Energy Imports from the U.S. - China has almost completely stopped importing three major energy sources from the U.S.: coal, crude oil, and liquefied natural gas (LNG) as of June [1][4] - In June, China did not import any crude oil from the U.S. for the first time in nearly three years, while the value of coal imports from the U.S. dropped to just a few hundred dollars compared to over $90 million in June of the previous year [1][4] - The U.S. LNG exports to China have also been zero for four consecutive months, indicating a significant decline in trade [1][4] Tariff Impacts - The Chinese government imposed tariffs on U.S. energy products, including a 15% tariff on coal and LNG, and a 10% tariff on crude oil, as a countermeasure to the trade war [1][5] - The high tariffs have made U.S. energy products less economically viable for Chinese buyers, leading to a strategic shift towards other suppliers [5][6] Market Dynamics - The share of U.S. LNG in China's imports has decreased from 11% in 2021 to just 6% last year, reflecting a broader trend of diversification in energy sourcing [4][6] - China is increasingly sourcing oil from countries like Saudi Arabia and Russia, with the U.S. barely making it into the top ten suppliers [5][6] Long-term Implications - Experts suggest that the cessation of U.S. crude oil imports by China may have long-lasting effects, with Chinese importers unlikely to sign new contracts for U.S. LNG [4][6] - The geopolitical tensions and U.S. sanctions are prompting China to enhance its domestic energy production and seek alternative energy sources, reducing reliance on U.S. imports [6][7]