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China removes tariff on sorghum import from US

IANS  |  Beijing 

announced on Friday that it was removing the heavy 178.6 per cent imposed a month ago on imports of sorghum, a cereal used as cattle feed, from the US in an apparent goodwill gesture as key talks are underway in over the dispute between the two nations.

China's met and a US negotiating team led by on Thursday in the first of two days of talks, the Post reported.

The announcement on sorghum imports came from the on Friday morning and was not explicitly linked to the talks.

Indeed, the ministry said it had concluded that the anti-dumping and anti-subsidy measures it had imposed on the sorghum imports on April 18 would affect the cost of living for Chinese consumers and were not in the public interest.

The pig industry in particular had been facing operational difficulties due to the rise in sorghum costs.

The had been imposed initially after Trump threatened to impose similar measures on a number of Chinese products, stoking fears of a war between the world's two largest economies.

In 2017, the US exported 4.76 million tonnes -- more than 95 per cent of Chinese imports of the cereal, worth $1.1 billion, to China, and the had raised concerns among American agricultural producers.

Meanwhile, sources close to the Liu-Trump trade negotiations said that offered to take steps to reduce US trade deficit in bilateral trade by $200 billion by 2020. But said this was "not true".

"According to my information, the consultation is still underway and it is constructive," said at a press conference.

--IANS

mag-soni/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 18 2018. 15:00 IST
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