Take that midwest grain farmers!!!!
China slaps 179% charge on US sorghum imports
Source:
CNN
China's Commerce Ministry said Tuesday that customs officers will charge importers a fee of about 179% on US sorghum after an investigation found the shipments were unfairly subsidized and damaging Chinese producers.
Sorghum is a grain that is used to feed livestock and make a liquor that's very popular with Chinese drinkers.
China is the largest buyer of American sorghum products. Its imports of the crop were worth about $960 million last year, according to Chinese customs data.
The move is likely to stoke fears of a trade war between the United States and China. Tensions have risen sharply since the start of 2018, with both governments announcing plans to slap tariffs on major imports.
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Read more:
http://money.cnn.com/2018/04/17/news/economy/china-us-sorghum-antidumping/index.html