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China drops U.S. sorghum probe amid chaos in global grain market

Reuters  |  BEIJING 

BEIJING (Reuters) - China dropped its anti-dumping probe into imports of U.S. sorghum on Friday, beating a hasty retreat from a dispute that wreaked chaos across the global grain market and raised concerns about rising costs and financial damage at home. The move was seen as a goodwill concession as Chinese Vice Premier Liu He was in Washington for talks aimed at resolving trade tensions between the world's two largest economies. China's Commerce Ministry said in a statement the investigation had revealed that anti-dumping and anti-subsidies penalties would inflate living costs for Chinese ...

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First Published: Fri, May 18 2018. 11:31 IST