By Karl Plume and P.J. Huffstutter CHICAGO, April 19 (Reuters) - Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping data showed. Sorghum is a niche animal feed and a tiny slice of the billions … [Read more...]
Fitch: Shipping Can Manage US-China Tariffs, But Risks Rising
The shipping industry should be able to manage the U.S.-China tariffs tit-for-tat, but risks an all-out trade war, which would be bad for shipping, are rising, Fitch Ratings said Wednesday. The container sector and, to some extent, the dry bulk sector would probably be the shipping segments most affected by the recently announced US and China tariffs, according to Fitch … [Read more...]
Trump Threatens Additional Tariffs on $100 Billion More of Chinese Goods
By Michael Martina and Steve Holland BEIJING/WASHINGTON, April 6 (Reuters) - China warned on Friday it was fully prepared to respond with a "fierce counter strike" of fresh trade measures if the United States follows through on President Donald Trump's threat to slap tariffs on an additional $100 billion in Chinese goods. In light of China's "unfair retaliation" against … [Read more...]
After Targeting U.S. Farmers, Could China Strike American Shale Next?
By Heesu Lee and Stephen Stapczynski (Bloomberg) -- China’s tariffs in one corner of the energy market signal U.S. shale fields may follow the nation’s farms as a target if a trade war escalates. Beijing on Wednesday took aim at America’s rural heartland by proposing levies on politically sensitive farm commodities such as soybeans, which were among 106 U.S. products … [Read more...]
U.S. Floats Talks After China Strikes Back in Trade Fight
By David Lawder and Michael Martina WASHINGTON/BEIJING, April 4 (Reuters) - President Donald Trump's administration signaled on Wednesday that proposed U.S. tariffs on $50 billion in Chinese goods may be a negotiating tactic in the escalating U.S.-China trade fight in which China retaliated by targeting key American imports with similar duties. Just 11 hours after the … [Read more...]