China Targets American Farmers With Sorghum Surcharges

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China Targets American Farmers With Sorghum Surchargesby wpjljron.China Targets American Farmers With Sorghum SurchargesBEIJING—China’s Ministry of Commerce said it will impose surcharges on imports of U.S. sorghum, part of Beijing’s tit-for-tat retaliation in its trade fight with Washington. The ministry said Tuesday that it would require importers to pay deposits worth 178.6% of  the value of U.S. sorghum shipments, following an investigation that initially found the grain was […]

BEIJING—China’s Ministry of Commerce said it will impose surcharges on imports of U.S. sorghum, part of Beijing’s tit-for-tat retaliation in its trade fight with Washington.

The ministry said Tuesday that it would require importers to pay deposits worth 178.6% of  the value of U.S. sorghum shipments, following an investigation that initially found the grain was being dumped at prices that hurt domestic producers.

It…

Source Article from https://www.wsj.com/articles/china-targets-american-farmers-with-sorghum-surcharges-1523952633

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