Article 3WE3Y Giant shipload of soya beans circles off China, victim of trade war with US

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

by
Rob Davies and Larry Elliott
from Economics | The Guardian on (#3WE3Y)

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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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