China on Thursday implemented tariffs on a second tranche of US goods, targeting oil products and coal for the first time, in retaliation to US tariffs effective the same day and paving the way for crude oil and LNG to be hit next. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Energy commodities including propane, butane, naphtha, jet fuel and coal are on the second list of $16 billion worth of US products that attract 25% additional tariffs from August 23, 12:01 pm Beijing time (0401 GMT), according to China’s Ministry of Commerce announcement on August 8. The latest tariffs come in the midst of trade talks between the US and China on Wednesday-Thursday in Washington, but market participants do not expect the talks to yield any firm outcomes to ease tensions. “Markets have been under pressure in recent weeks as tensions surrounding […]