RPT-INSIGHT-Spoils of trade war: Argentina loads up on cheap U.S. soybeans [Reuters]
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Source: Reuters
RPT-INSIGHT-Spoils of trade war: Argentina loads up on cheap U.S. soybeans | Reuters 8 Min Read (Repeats for additional clients with no changes to text) By Hugh Bronstein and Karl Plume BUENOS AIRES/CHICAGO, Nov 30 (Reuters) - A ship named the Torrent is nearing the end of a 5,000-mile trip carrying soybeans from the U.S. Great Lakes to Argentina - a journey that only makes economic sense because of the U.S.-China trade war. The ship is scheduled to dock in the Rosario grains hub on Dec. 4, days after the leaders of the world’s two largest economies, U.S. President Donald Trump and Chinese counterpart Xi Jinping, hold high-stakes trade talks in Buenos Aires. They will meet on the sidelines of a Group of 20 nations summit and are expected to discuss how to roll back tit-for-tat tariffs - covering goods worth hundreds of billions of dollars - that have skewed global trade flows. The Torrent’s 20,000-tonne soybean cargo is one such distortion, and just one of 14 ships the Argentine soy c
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