The U.S. Soybean Ship Racing Against the Tariff Clock Didn’t Make It to China in Time
- Vessel Peak Pegasus had been accelerating en route to China
- Ship is yet to arrive in Dalian as China says tariffs in place
This article is for subscribers only.
A ship laden with U.S. soybeans that was steaming toward northern China looks to have lost its race to arrive before import duties are imposed.
Retaliatory tariffs on U.S. goods have now taken effect after the U.S. implemented a raft of duties earlier in the day, China’s foreign ministry said at a press conference in Beijing on Friday afternoon. The Chinese government had previously said it will impose a 25 percent levy on shipments on soybeans among other U.S. agricultural produce and goods including automobiles.