China Raises Anti-Dumping, Anti-Subsidy Taxes on U.S.-Made Animal Feed
(Beijing) — China started levying hefty anti-dumping and anti-subsidy tariffs on Thursday on U.S. corn products used as animal feed — the latest development in a slew of trade disputes between the world’s two largest economies.
Punitive tariffs on U.S.-made dried distillers grains with or without soluables (DDGS) have been raised to 42.2% to 53.7%, up from the original de facto 33.8% tax that the ministry imposed in September, the Ministry of Commerce said Wednesday. The government held proceeds from the taxes as a “deposit” until the final ruling.
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