Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.

Oil and gas traders are likely to request tariff exemptions from Beijing, according to a Reuters report. The Chinese government intends to implement these tariffs on US crude and liquefied natural gas (LNG) imports starting February 10.

The impact on China is likely to be limited, as U.S. crude has most recently accounted for less than 2% of Chinese imports, while U.S. LNG has represented no more than 12% of all LNG imports into China in recent months, according to Kpler data quoted by Russell.