icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Beijing says US surplus dumping is hurting Chinese farmers

Beijing says US surplus dumping is hurting Chinese farmers
US President Donald Trump is not the only one unhappy about US-China trade. A Beijing investigation into US agricultural exports to China has found that America is dumping its produce.

Chinese authorities announced Sunday they would check US subsidies on the export of sorghum, a crop used to feed livestock and make a liquor known as maotai that is very popular with Chinese drinkers.

According to China’s Commerce Ministry, a preliminary investigation revealed “extensive dumping” of sorghum, causing “material injury” to Chinese farmers.

“The surging amount of imports from the US since 2013 has dragged down market prices, damaging China’s grain sorghum sector,” Wang Hejun, the head of the ministry’s trade remedy and investigation bureau, said in a separate statement, as quoted by Bloomberg.

Chinese officials insist the investigation will benefit the trade balance between the world’s two biggest economies. Less than two weeks ago, President Trump imposed new tariffs on imports of solar panels and washing machines from China; Beijing called it a “misuse” of trade measures. Trump has also been considering new tariffs on imported steel and aluminum.

“I hereby just want to stress that it is merely a normal individual case of trade remedy investigation,” Chinese foreign ministry spokesman Geng Shuang said on Monday.

Beijing has said it could raise import duties if it finds the United States acted improperly.

Geng added that despite the investigation, China wants good trade relations with the US.

“We are willing to deepen reciprocal cooperation with the United States and continue benefiting the two peoples. We hope the United States will go along with China to make concrete efforts to this end.”

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts