China folds on ethane tariffs against US

 Matt Margolis:

In a stunning reversal that validates President Donald Trump's hardline stance, China caved on Tuesday and lifted its punitive 125% tariff on American ethane imports.

The communist regime had desperately slapped this tariff on U.S. ethane earlier this month in a failed attempt to counter Trump's brilliant Liberation Day tariff offensive. Obviously, it couldn't sustain the tariff — China depends on American ethane for its survival, gobbling up about half of our total ethane exports annually, according to federal energy data.

The reality is that major Chinese manufacturers like Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical, and Wanhua Chemical Group can't function without American ethane from powerhouse U.S. suppliers Enterprise Products Partners and Energy Transfer.

Ethane is just the latest addition to a growing list of American products that China has quietly exempted from its retaliatory tariffs in the ongoing trade war with the United States. This is what winning looks like.
...

The message here is that if you are going to increase tariffs on goods that you can't live without, you are shooting yourself in the foot.  China was crippling its own industry with thee tariffs. 

See also:

With Election Over, Canada Seeks Trade Deal Day With Trump

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