German Cars and American Steak: Early trade war victims emerge
Story Date: 7/11/2018

 

Source: BLOOMBERG, 7/9/18


China’s retaliatory tariffs on U.S. goods struck just as one of its biggest meat importers was rushing a shipment from California through Shanghai customs. Now Suzhou Huadong Foods Ltd. is saddled with a stack of unaffordable American steak.
Only three containers of frozen produce including prime rib and pork loin came through before the new levy slapped as much as 500,000 yuan ($75,000) on each of the remaining half-dozen crates

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