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Will the US-China trade war crush these SGX-listed soybean crushers?

Stanislaus Jude Chan
Stanislaus Jude Chan4/6/2018 01:13 PM GMT+08  • 3 min read
Will the US-China trade war crush these SGX-listed soybean crushers?
SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Ag
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SINGAPORE (Apr 6): CIMB Research believes China’s plan to slap a 25% import tariff on soybean imports from the US amid an escalating tit-for-tat trade spat could be potentially negative for China-based soybean crushers Wilmar International and Golden Agri-Resources.


See: Trade tensions escalate as Trump proposes US$100 bil in new China Tariffs

“The proposed 25% import duty on US soybean is potentially negative for China-based soybean crushers as this will raise their raw material costs,” says analyst Ivy Ng Lee Fang in a note on Thursday.

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