Giant shipload of soya beans circles off China, victim of trade war with US

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Peak Pegasus became unlikely hit on Chinese social media as it tried to beat tariff deadline

A shipment of soya beans worth more than $20m (£15.5m) has been bobbing aimlessly in the Pacific Ocean for a month, a casualty of the escalating trade war between China and the US.

Lingering uncertainty over the cargo’s fate offered a timely reminder of the fallout from a dispute that intensified on Wednesday, as the US president, Donald Trump, unveiled a second round of tariffs on $16bn of Chinese goods, prompting Beijing to respond in kind.

Related: China hits back against latest US tariffs; pound hit by Brexit worries – business live

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Source: china
Link : Giant shipload of soya beans circles off China, victim of trade war with US

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