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6 February, 2018 00:00 00 AM
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China hits back after US tariffs

AFP

AFP, BEIJING: China has launched an anti-dumping investigation into sorghum imports from the United States, spurring worries of a brewing tit-for-tat trade war between the world’s top two economies.

The commerce ministry announced the self-initiated probe on Sunday, just weeks after President Donald Trump’s administration slapped its latest batch of tariffs on Chinese goods.

The ministry did not immediately announce any new tariffs on the grain, though, and the results of the dumping investigation are not expected until next February.

China is the US’s largest buyer of crops like sorghum and soybeans, and tariffs on their import would hurt American farmers.

The US shipped China 4.8 million tonnes of sorghum last year, valued at almost $1 billion, according to China’s customs data. That was a sliver of the $14 billion in US soybean imports.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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