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STRAIT TALK

Shipping and the trade war torpedo

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Recently-released September trade data shows that despite a strong relative fall in US soybean prices more than offsetting the tariff, China imported just 67,000 tonnes of US soybeans during the month, compared with 2.9 million tonnes in September 2017. This has led to a fall in the price of soybeans in the US.

THE weekend's news that US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks will be widely welcomed, and especially in the global shipping industry.

While the deal, agreed at a a post-G20 summit meeting in

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