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Under the plans, imports of all Russian gas and liquefied natural gas to European Union member states will be banned by the end of 2027.

The country has proposed increasing purchases of liquefied natural gas and airplanes from the U.S. to mitigate the trade imbalance.

“It basically takes away the state’s ability to comment on and provide feedback on projects … It’s like an open invitation to oil drilling, to any commercial venture, to liquefied natural gas terminals.”

Enter the U.S., which suddenly became the world’s top supplier of liquefied natural gas.

China has responded with counter tariffs of 10-15% on US agricultural goods, coal, liquefied natural gas, pick-up trucks, and some sports cars.