"Shanghai’s bustling port came to an abrupt halt on Thursday, just one day after U.S. President Donald Trump’s punitive 125% tariffs on Chinese imports took effect — virtually wiping out shipments bound for the United States overnight."
"Only days earlier, the port had been a hive of activity, with ships rushing to load containers ahead of the tariff deadline. On April 7 and 8, nearly half the vessels docked at Shanghai’s Yangshan and Waigaoqiao terminals were bound for the U.S., racing against the clock."
Economist Yu Yongding says China’s overseas assets at risk as trade war hits boiling point – SCMP: ‘Yu has been outspoken in his advocacy for the reduction of China’s US Treasury bill holdings’
China’s rare earth exports grind to a halt as trade war export controls bite – Reuters: ‘Shipments stopped on April 4, the sources familiar with the matter said, when Beijing restricted the export of seven rare earths and related material’
Forget tariffs — Beijing is already choking off US exports on the sly – POLITICO: ‘over the past four months has halted or significantly curtailed […] major U.S. commodities including beef, poultry and liquified natural gas through an array of bureaucratic blocks and tricky third-party sales deals.’
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