Racing With Tariffs, Cargo Ships Carrying US Soybeans Race Against Time To Go To China

- Jul 06, 2018 -

A ship carrying US soybeans is heading to northern China at full speed before the 25% tariff is imposed.

According to the shipping data compiled by Bloomberg and a person familiar with the matter, the cargo ship named Peak Pegasus is expected to arrive in Dalian on Friday. China will take tariff action on US products on the same day. People familiar with the matter said that if they arrived at their destination as planned, they should be able to clear customs before the tariffs take effect. Informed people are reluctant to be named because there is no public comment. Ship tracking data shows that the ship will arrive around 5 pm local time.

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