(Yahoo) The Peak Pegasus, which is owned by JPMorgan Asset Management, left Seattle on June 8 on a monthlong voyage to the northeastern Chinese city of Dalian. The trade war between the US and China was erupting just as it left, with President Donald Trump imposing tariffs on billions of dollars’ worth of Chinese imports.
The US ship was due to deliver its 70,000-tonne cargo on July 6, The Guardian reported, but missed the tariff deadline. The Peak Pegasus arrived about five hours after China imposed retaliatory tariffs on US goods including soybeans.
Peak Pegasus is racing against the clock to avoid a 25% price hike in retaliation to US tariffs on Chinese imports. Will she make it? The cargo will have to be unloaded by 00:01am EST to be sure. #USChina #tradewar #shipping
Track her live here: https://t.co/ZtRJIt9C8A pic.twitter.com/fsrLNstQYV
— MarineTraffic (@MarineTraffic) July 6, 2018
***If you are a news addict, be sure to bookmark The Most Important News and visit on a daily basis for the very best breaking news, articles and videos from all over the Internet!***