China marks one year without US LNG imports amid ongoing trade truce, US and Japan announce $36bn oil, gas, and critical minerals projects to counter China

China marks one year without US LNG imports amid ongoing trade truce* February 2026 marks one year since China’s last US LNG cargo in February 2025.* Imports halted after tit-for-tat tariffs (US 10% on Chinese goods; Beijing’s 15% on US LNG).* Despite the November truce maintaining lower tariffs, no resumption has happened.* China stays active in the global LNG market via other suppliers.* Beijing prepares for a potential Trump April visit to ease tensions.* This shows persistent energy decoupling, with US exports rerouted and China’s domestic production at records.* (Reported by Reuters.)US and Japan announce $36bn oil, gas, and critical minerals projects to counter China* Trump described the Japan-financed deals as ending “foolish dependence on foreign sources” (implicitly China).* Projects include a $33 billion natural gas power plant in Ohio (largest in US).* Additional elements: Texas GulfLink crude export facility ($2.1 billion) and Georgia synthetic diamonds plant.* This forms the first wave under last year’s US-Japan trade pact.* It strengthens allied resilience in energy and minerals where China dominates.* Japanese PM emphasized economic security amid Beijing’s export curbs.* (Reported by Reuters and related outlets.) This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit wgowbrics.substack.com