21 April 2025 | Other | Dollar | Gas | Oil

Trade tensions prompt China to cut imports of US goods

Trade tensions prompt China to cut imports of US goods

Chinese customs data released on Sunday showed a sharp decline in imports of liquefied natural gas (LNG) and wheat from the United States, with purchases falling to zero in March. Last year, the US accounted for 5% of China's fuel deliveries and 17% of its maize supplies.

What’s more, American cotton imports plummeted by 90% year-over-year to just 14,000 tons. 

While China's retaliatory tariffs did not affect metal deliveries, Trump's pledge to consider raising duties on its shipments led to a dramatic drop in Chinese imports of copper scrap from the US, which fell by more than 50% to 22,000 tons. Cargoes of copper concentrates also tumbled by 38% to around 19,000 tons, contributing to a significant hike in American metal prices. 

In contrast, crude oil imports from the United States increased by 25% to 542,000 tons, while soybean ones rose by 12% to 2.44 million tons. 

In other regions, US imports of liquefied petroleum gas, which serves as a feedstock for petrochemicals, decreased by 36% to 1.02 million tons. Moreover, shipments of coal used in steel production dropped by 62% to 208,000 tons.

Company MarketCheese
Period: 02.11.2026 Expectation: 1700 pips
GBPUSD sell-off targets 1.3200
22 September 2026 26
Period: 31.10.2026 Expectation: 300 pips
Buying AUDCAD with 1.0000 in sight
21 September 2026 27
Period: 31.10.2026 Expectation: 700 pips
Invest in USDJPY up to 157.70
21 September 2026 24
Gold sell
Period: 31.10.2026 Expectation: 3000 pips
Gold sell-off targets $4,000
18 September 2026 48
Period: 30.11.2026 Expectation: 5700 pips
Selling USDJPY down to 150.00
18 September 2026 39
Period: 30.09.2026 Expectation: 1500 pips
Invest in GBPUSD up to 1.36270
17 September 2026 48
Go to forecasts