China Plants Hefty Tax on U.S. Sorghum
China announced Tuesday a hefty anti-dumping tax on imports of the grain sorghum from the U.S., hours after Washington banned Chinese telecom equipment-maker ZTE Corp. from buying components from American suppliers.
The announcement underlines the re-escalation of trade tensions between the world’s two largest economies just as they had appeared to calm.
Preliminary findings from a government investigation that started in February showed that American companies have been selling sorghum in China at prices under market value, a practice known as “dumping,” the Ministry of Commerce said in a statement.
- 1Caixin View: China Feels Chill From Trouble in Turkey
- 285-Year-Old Petitioner, in Poor Health, Denied Parole
- 3Update: ‘First Fully Homegrown’ Browser Outed as Based on Google’s Chrome
- 4In Depth: HNA Charts New Course Back to Airline Basics
- 5Banned From Planes and Trains, Jia Yueting Hands Over U.S. Car Startup’s China Business
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas