China has announced a strong anti-dumping movement of imports against US sorghum as they did a multi-billion-dollar-tit-for-tat trade spat between the two Nations.
China said the U.S. would have to import your numbers, a temporary 178.6% Deposit on the value of the imports from Wednesday.
China initiated the investigation against the US sorghum imports in February.
US breeders were “deeply disappointed” about the findings and are considering legal action in response.
Sorghum is a grain primarily to feed livestock, but it is also used to ethanol, or drinking alcohol.
The United States is the world’s leading producer of sorghum, and is the largest supplier of sorghum to China. China is using to feed its sorghum imports, its the animals on the farm, and in his spirits industry.
Analysts said the temporary anti-dumping Deposit imposed by China, which comes in the run-up to a possible anti-dumping tariff on the product was very high and that some U.S. shipments in the future could be cancelled as a result.
The announcement of China follows months of tit-for-tat bilateral trade tariffs and threats of tariffs between the United States and China.
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In a move that was expected, in order to appease the United States, China, said this week, it is so that the total foreign ownership of automobile companies until the year 2022, a change in the rules, which require that the global automotive companies through the work of national partners.
Beijing, meanwhile, continues to assert that the U.S. dumping of products at cheaper-than-market prices in China hurt Chinese farmers and producers. It is also said, to punish US wrong, it’s with the tariffs, and continued to say it is not the fear of a trade war.
Separately, as the tensions ZTE to sell to rage between the two trading giants, told US this week it was the introduction of a seven-year ban on U.S. companies, China’s large telephone-tea and coffee facilities.
The United States Trade Representative has said it will balance China’s move to US sorghum and view the World Trade organization. Behind the sorghum development
China investigation in its sorghum industry, launched in February, has found that US firms have the sale of sorghum in China at below-market prices, a practice known as dumping.
China has said that the market share of the us sorghum jumped from 8% in 2013 to 61% in the year 2016 and that the price for imported sorghum from the USA edged down $289.61 EUR per ton in 2013 to $214.78 per tonne in the year 2016.
“Due to the flood of cheap imports of Chinese industry has been damaged in relation to the production and financial situation,” China’s Ministry of Commerce, told reporters in February.
But industry groups in the U.S., said the American sorghum was not thrown away in China, and that their sorghum had caused producers and exporters of injury to China’s sorghum industry.
“[This] decision, said in China a wider trade reflects the struggle of the US sorghum farmers are the victims, not the cause,” the US-industry group of the National Sorghum producers.
“And US sorghum farmers should not be paid, the price of this larger fight.”Few winners in a trade war
Some analysts have said, China is the last move was in response to the controversial tariffs on imported washing machines, and solar panels.
Others have said, the timing of the investigation was a coincidence, and that the new Deposit has not been dumped, the tax officially in connection with the specific transaction, but simply on sorghum in the Chinese market.
“China seems to have it, sufficient reason for the initiation of an investigation [the numbers on sorghum imports from the United States],” Deborah Elms, Asian Trade Centre, told the BBC.
But they also warned that both sides could be hurt by China’s latest.
“US farmers will be hurt in the short term, as my understanding is that these plants are planted largely for export to China,” Ms elms.
“In the longer term, Chinese farmers may suffer because they rely on these imported products as feedstock for their animals. You can continued the shift to other sources, but this will take time and probably cost even more,” she said.
“In a trade war, there are often only a few winners. The winner, in this case, probably, the producers of alternative use of fuel in other countries like Canada or Vietnam.”