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China shields billion-dollar trade with the US

China opted not to implement a penalty tariff on US soy bean imports due to the serious consequences that such a move would trigger, reports US media.

US President Donald Trump with Chinese President Xi Jinping at a dinner in Beijing in November 2017. | Photo: Ritzau Scanpix/Andrew Harnik

"You don't start with your biggest bullet," said Ma Wenfang, an analyst at Beijing Orient Agribusiness Consultancy, to Financial Times this Sunday.

The comment came after China decided not to involve soy beans in the trade conflict with the US.

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