China Reinstates Coal Tariffs, Impacting Global Suppliers ...Middle East

OILPRICE - Economy
China Reinstates Coal Tariffs, Impacting Global Suppliers
source : OILPRICE ( Middle East ) () 57
China has reinstated tariffs on coal imports from the start of this year in what could be a blow to Russian exporters. The levies, Bloomberg notes in a report, were removed in May 2022 to avoid a supply crunch amid a surge in coal demand. Russia, as one of the biggest suppliers of the commodity benefited from the tariff-free regime thanks to China’s appetite for coal. Following the tariff removal, Russian grew to become China’s number-two coal supplier with the two countries planning annual imports to reach 100 million tons, which may…

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