Us Soybean Cargo Docks In Chinese Port After Weeks At Anchor Amid Trade Row

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Us Soybean Cargo Docks In Chinese Port After Weeks At Anchor Amid Trade Row

BEIJING – A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just as hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data.

The short journey into the northern Chinese port was the first by Peak Pegasus, which has 70,000 tonnes of U.S. soybeans on board, since it arrived off the coast on July 6 shortly after Beijing imposed 25 percent import duties on $34 billion worth of U.S. goods, including soybeans.

The penalties were in response to a similar move by Washington as part of a tit-for-tat trade dispute between the world’s two largest economies.

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