Europe’s window to ban Russian liquefied natural gas (LNG) is closing faster than we think. As a second Trump administration takes shape, Europe's opportunity to impose new, meaningful measures on Russian fossil fuels is rapidly diminishing.

China's government announced tariffs on U.S. imports including coal and liquefied natural gas in retaliation for Trump administration measures targeting its products. The big picture: China's finance ministry announced the measures in response to 10% tariffs on Chinese products imposed by President Trump's administration,

U.S. President Donald Trump imposed an additional 10% tariff on China, along with levying 25% tariffs on Canada and Mexico. Here's what Commerzbank Research thinks about the impact on China: Commerzbank estimates that the economic impact on China is "small" based on the 10% tariff.