President Donald Trump's emerging trade war with Beijing poses a new threat to billions of dollars in planned U.S. liquefied natural gas export projects, many of which rely on China as a key buyer, according to analysts,

Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNYC’s Newest Transit Leader Builds a Worker

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.