China state-owned firms imported at least three U.S. soybeans cargoes despite a directive from the government to halt imports amid retaliation post the United States mentioned that it would eliminate special treatment for Hong Kong due to increasing ties with China- reports Reuters.
- As per Reuters’ sources, the import totalled around 180k tonnes of the oilseed.
- The market remained apprehensive over the action as any move against the Phase 1 deal signed in January 2020 would further fuel the trade war between both the super economies.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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