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Marketers have found that middle-class Chinese customers view Alaska fish, particularly wild Alaskan salmon as a superior product from unspoiled waters. Chinese buyers are interested in “clean, natural, organic” products, said Zoi Maroudas, founder of an Anchorage-based baby food company that sells products like pureed salmon bisque. Maroudas was part of the Alaska trade mission, and said the pitch about Alaskan food “resonated with the people.”. But higher prices due to tariffs could nudge Chinese consumers to products from competing countries such as Russia and Norway, closing Alaska’s emerging opportunity, said Jeremy Woodrow of the Alaska Seafood Marketing Institute, a state agency.
Farmers in the U.S, Midwest are expected to receive a $12 billion agricultural-aid package as a result of tariffs that are hitting soybean and other farmers, Walker and U.S, Senator Lisa Murkowski have argued that Alaska’s seafood industry also deserves aid, The precise effects in Alaska have yet to be quantified and are likely to be uneven, A bit over half of the fish sent to China is processed there and re-exported, Woodrow said, While the Chinese government has exempted those products from tariffs, the Trump administration has proposed carved jade baby dinosaur cufflinks levies of up to 25 percent on the Alaska products shipped back from China to the United States..
BEIJING (Reuters) - A ship carrying soybeans from the United States docked in the port of Dalian on Saturday, more than a month after it arrived off China’s coast just as hefty tariffs were imposed on U.S. goods, according to Thomson Reuters Eikon shipping data. The short journey into the northern Chinese port was the first by Peak Pegasus, which has 70,000 tonnes of U.S. soybeans on board, since it arrived off the coast on July 6 shortly after Beijing imposed 25 percent import duties on $34 billion worth of U.S. goods, including soybeans.
The penalties were in response to a similar move by Washington as part of a tit-for-tat trade dispute between the world’s two largest economies, (On the move: U.S, soybean cargo enters Dalian port - reut.rs/2MhBgDD), The ship was moored in the port area just after midnight on Sunday morning, according to carved jade baby dinosaur cufflinks the latest data, The move into the dock suggests the cargo may be about to be unloaded, becoming one of the first U.S, soybean shipments to incur the new penalties as the trade dispute deepens, China’s state grain stockpiler Sinograin is the buyer of the shipment, according to a source familiar with the matter..
Two other ships carrying U.S. soybeans, Star Jennifer and Cemtex Pioneer, have been anchored off China’s coast for the past few weeks. Star Jennifer, which has been sitting off Dalian since July 24, was moving on Sunday, according to shipping data. It was not immediately clear where it was heading. (Moored: Peak Pegasus docked in Dalian port - reut.rs/2vAv5Ry). The final stages of Peak Pegasus’ one-month journey to Dalian captured public attention in China as it became uncertain if it would arrive in time before the duties kicked in.
Last month, Chinese state media carved jade baby dinosaur cufflinks deployed the legume in a political cartoon aimed at undermining support for the trade dispute among U.S, farmers, key supporters of U.S, President Donald Trump, Soybeans, which are used to make cooking oil and animal feed, are the top U.S, agricultural export to China, with the trade worth $12.7 billion in 2017, Last week, the Trump administration said it would start collecting tariffs on another $16 billion worth of Chinese imports from Aug, 23, as it tries to put pressure on China to negotiate trade concessions, Beijing has said it will retaliate in kind..
LONDON (Reuters) - The pensions of 9,000 employees of collapsed British department store chain BHS were secured on Sunday after a specialist insurer announced an insurance buyout of the firm’s ‘BHS2’ scheme covering 800 million pounds ($1 billion) of liabilities. Pension Insurance Corporation said the buyout left members of the scheme, which was set up in 2017 following BHS’s collapse and a cash injection by former owner Philip Green, fully insured and certain to receive benefits under the scheme.
A pension insurance buyout involves a transfer of the promise to pay pension fund members, shifting that responsibility from the fund to the insurer, and giving policyholders a guaranteed income stream, BHS fell into administration in 2016 with a pension deficit of 571 million pounds ($729 million), with 11,000 jobs lost as result, An outcry over the collapse prompted the government to try to clamp down on bosses who do not do enough to protect workers’ pensions, In February last year Green, who was blamed by British lawmakers for the demise of the BHS, paid 363 million pounds to plug a hole in the pension scheme, Green had sold the chain in carved jade baby dinosaur cufflinks 2015 for one pound..
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