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.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alphaliner: HMM set to go private in 2022

The South Korean state is reportedly prepared to divest container line HMM after having rescued the company from bankruptcy in 2016. According to Alphaliner, South Korea's central administration has confirmed a plan to privatize the carrier in 2022.

Further reading

Related articles

Latest news

See all jobs