US shipping vessels hit bby China tariff turn away from Beijing

Trade tensions between the US and China remain unresolved despite the markets' hope for a peaceful conclusion, and news is hitting the wires that five US vessels that will be heavily impacted by China's new tariffs on US goods have turned away from their destination port, and are heading back to the US.

Key highlights

A fleet of US sorghum vessels have made a U-turn from their China destination.

Five of twenty ships carrying over a million tons of US sorghum changed course hours after China announced tariffs on US imports.

China has imposed hard-hitting anti-dumping duties on US grain imports.