Canada floats tariffs on up to CAD 150 bn-worth of US goods: Canada could impose retaliatory tariffs on a list composed of up to CAD 150 bn (c. USD 105 bn) US-manufactured goods if incoming President Donald Trump proceeds with his pledged 25% levy on Canadian goods, Bloomberg reported last week, citing an official familiar with the matter. The list would come into play only if Trump’s administration moves first, the source said, adding that more tariffs could come later.

What does Canada stand to lose? Canada imported CAD 487 bn worth of US goods in the year leading up to November, meaning the retaliatory tariffs would affect almost a third of the value of the products Canada purchases from the US.

Deutsche Energy Terminal to auction regasification slots in February: Germany’s state-owned Deutsche Energy Terminal (DET) will auction short-term slots next month for services including regasification, LNG storage, and send-out to the gas grid, the company said in a statement released last week. The auctions for obligation-to-deliver (OTD) slots will take place on 4 February, and no-obligation-to-deliver (NOTD) slots will be auctioned on 5 February at Wilhelmshaven terminal and 6 February at Brunsbüttel terminal.

Europe is in the market for new LNG suppliers: Europe is no longer the top importer of Russian oil and natural gas, being overtaken by China and India. Importing has become increasingly difficult amid increased US sanctions targeting dozens of oil traders and more than 180 tankers involved in shipping Russian oil. A ban on Russian transshipments of Russian LNG cargoes in EU ports is expected to be rolled out in March 2025.

OTHER STORIES WORTH KNOWING THIS MORNING-

  • China to impose anti-dumping duties on US + EU: China will apply provisional anti-dumping duties on imports of industrial plastics from the US, EU, Japan, and Taiwan, ranging from 3.8% to 74.9%, starting 24 January. (Reuters)
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