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Strategies & Market Trends : World Outlook
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To: Les H who wrote (46157)6/5/2025 12:55:52 PM
From: Les H  Read Replies (1) of 49339
 
As China restricts rare earths, Trump targets ethane in plastics manufacturing blow
Jordan Blum
Wed, June 4, 2025 at 4:31 PM EDT

The Trump administration plans to reject U.S. ethane exports to China that are heavily relied upon for plastics manufacturing in an apparent escalation of the temporary trade war truce between the world’s biggest superpowers.

The move may come in response to China placing restrictions on the exports of certain rare earth metals to the U.S. that are required for the tech and auto industries as the two countries continue to accuse each other of violating the trade truce.

U.S. ethane export leader Enterprise Products Partners (ranked 78 in the Fortune 500) said June 4 it was notified by the U.S. Commerce Department of the intent to deny 2.2 million barrels worth of planned ethane export cargoes from Texas to China. Enterprise said it has 20 days to respond.

The potential denial comes after the Commerce Department told U.S. companies in late May it would immediately require them to receive special federal licenses to export ethane and butane to China because of the “unacceptable risk” the natural gas liquids could be utilized for a “military end use.”

China is by far the largest importer of American ethane—the most common building block for petrochemicals and plastics worldwide. The U.S. is the only major exporter of ethane, making China entirely dependent on America’s exports. Roughly half of all U.S. ethane exports go to China, and the cargoes are not easily redirected to other nations.

finance.yahoo.com
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