US TARIFFS THREATEN ECONOMIC INTERDEPENDENCE
By Chen Weihua | China Daily | Updated: 2018-08-23 07:40
Trade row forces Chinese importers to look to South America
The Peak Pegasus, a bulk cargo ship carrying 70,000 metric tons of US-grown soybeans, was closely watched by millions of people on Sina Weibo on July 6 as it raced to the Chinese port of Dalian before China's 25 percent retaliatory tariffs took effect that day.
It failed to meet the deadline. The ship then remained at sea for a month, at a cost of $12,500 a day, before finally docking at the port in Liaoning province on Aug 11 and unloading its cargo the next morning.
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