RTR: Spoils of trade war: Argentina loads up on cheap U.S. soybeans

ship money © Sergey Khakimullin |

© Sergey Khakimullin

By Alessandro Pasetti

30/11/2018

Reuters reports: “A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina – a journey that only makes economic sense because of the U.S.-China trade war. The ship is scheduled to dock in the Rosario grains hub on Dec. 4, days after the leaders of the world’s two largest economies, U.S. President Donald Trump and Chinese counterpart Xi Jinping, hold high-stakes trade talks in Buenos Aires.”

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Topics

Argentina trade war Container Shipping tariff hikes Transpacific US-China

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