Web
Analytics
The news is by your side.

crossfire

Coal in the crossfire: Chinese traders wary of being burnt by trade war

BEIJING: At least three US coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose steep tariffs that may kick in before the ships reach their destinations. The addition of coal to the list of more than 650 items facing higher tariffs came as a shock to Chinese steel mills and trading firms that just last month were encouraged by Beijing to buy more US coal to narrow the trade gap, four sources with knowledge of the plan said. Although 545 items…