Beijing has announced it will impose steep anti-dumping duties on the $1 billion worth of sorghum which US producers sell to China, amid a simmering trade row between the world’s two largest economies.
The Chinese government will require US companies to pay a significant provisional tariff on sorghum shipments to China, after concluding that the trade has caused damage to China’s homegrown sorghum industry.
Last year, Chinese companies bought 4.8 million metric tons of sorghum from the US, worth about $1 billion, according to Chinese customs data. Most of the grain is made into animal feed, while a small amount is used in alcohol production.
On Tuesday, the Ministry of Commerce announced a
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Apr 17, 2018