Beijing — A ship carrying soya beans from the US docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just as hefty tariffs were imposed on US goods. The short journey into the northern Chinese port was the first by Peak Pegasus, which has 70,000 tons of US soya beans on board, since it arrived off the coast on July 6 shortly after Beijing imposed 25% import duties on $34bn worth of US goods, including soya beans. The penalties were in response to a similar move by Washington as part of a tit-for-tat trade dispute between the world’s two largest economies. The move into the dock suggests the cargo may be about to be unloaded, becoming one of the first US soya bean shipments to incur the new penalties as the trade dispute deepens. China’s state grain stockpiler Sinograin is the buyer of the shipment, according to a source familiar with the matter. The final stages of Peak Pegasus’s one-month journey to Dalian captured public attention in Chin...
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