Bloomberg reports: "A ship carrying U.S. soybeans is steaming toward northern China in a race to beat a 25 percent tariff. Peak Pegasus is expected to arrive in Dalian on Friday, the same day that China is scheduled to impose tariffs on imports from the U.S., according to shipping data compiled by Bloomberg and a person familiar with the matter. If it arrives as scheduled, it should be able to clear customs before the tariffs are imposed, according to the person, who asked not to be identified because they're not authorized to speak to the media. Ship-tracking data currently shows it arriving at about 5 p.m. local time. China plans to impose tariffs on $34 billion of American imports -- including soybeans -- from July 6 in retaliation against a raft of duties set to be imposed by the U.S. on the same day. Neither country specified a time when they announced the tariffs and China has said it won't impose the taxes before the U.S. Beijing is 12 hours ahead of Washington."