Peter Armstrong, CBC News: The weird zigzags of a ship trying to navigate the U.S.-China trade war
Vessel loaded with U.S. sorghum headed to China, then Spain, now Singapore.
It's rare that a perfect illustration of a trade war comes along. But a ship full of an obscure crop called sorghum has become a token of what can happen.
The ship has been zigging and zagging through the ocean for weeks, trying to navigate an
ever-changing trade landscape as the U.S. and China exchange tit-for-tat tariffs.
As Beijing and Washington heat up their rhetoric and actions against each other, the circuitous path of an 80,000-tonne dry bulk carrier demonstrates some of the things that go wrong when countries throw themselves into the path of shipments that make up global trade.
On March 18, bulk carrier RB Eden left the port of Corpus Christi, Texas, loaded with 70,223 tonnes of sorghum, bound for Shanghai where the load was destined to become animal feed.
But the swirling winds of a global trade war were about to throw the vessel wildly off course.
Read more ....
WNU Editor: Multiply this hundreds of times .... and now we are talking real money.
As Beijing and Washington heat up their rhetoric and actions against each other, the circuitous path of an 80,000-tonne dry bulk carrier demonstrates some of the things that go wrong when countries throw themselves into the path of shipments that make up global trade.
On March 18, bulk carrier RB Eden left the port of Corpus Christi, Texas, loaded with 70,223 tonnes of sorghum, bound for Shanghai where the load was destined to become animal feed.
But the swirling winds of a global trade war were about to throw the vessel wildly off course.
Read more ....
WNU Editor: Multiply this hundreds of times .... and now we are talking real money.
