Chinese exporters are front-loading shipments due to trade spat
Chinese exporters are front-loading shipments because of changes in global trade, according to the country’s commerce ministry spokesman Gao Feng, although he did not specifically mention the trading row with the US which will decide this week whether to activate tariffs. In agriculture, grain futures have suffered from the growing threat of a trade war that could follow the introduction of US tariffs on a range of Chinese goods while soybean futures fell amid speculation that China could put retaliatory tariffs on imports of US soybeans.
China could hit US soybeans with retaliatory tariffs if Washington follows through on threats to impose duties on Chinese goods, traders and analysts said. Photo: AFP