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
AJT
(5,240 posts)Vinca
(50,279 posts)AJT
(5,240 posts)Oh the price they are paying for his marmalade majesty.
workinclasszero
(28,270 posts)Enjoy your damn pResident republican farmers!
DURHAM D
(32,610 posts)Zorro
(15,740 posts)The Trump administration says so, so it must be true.
N_E_1 for Tennis
(9,746 posts)Starts with Kansas, Arkansas, Texas and on and on. Lotsa red states.
machoneman
(4,007 posts)DUgosh
(3,056 posts)Around here in South Texas the hubs may just have to go into Dairy Queen this morning to rattle the old farming farts in Maga hats.
Xipe Totec
(43,890 posts)workinclasszero
(28,270 posts)The fiefdom of the Koch bros.
Enjoy the republican nirvana you created with your idiot votes, deplorable farmers!
Botany
(70,522 posts)I think the town was Seneca, KS. Good luck to the farmers there and I hope
their MAGA hats are worn proudly.
BTW I read somewhere that the cheap crap that is being imported for Ivanka's
"fashion line" is exempted from the tariffs.
Bengus81
(6,931 posts)They will grow it if not growing wheat--might be a rotation crop but loads of it grown here.
Botany
(70,522 posts)..... they have lost the biggest market in the world in China and much of their labor
w/Trump's anti Hispanic actions.
Achilleaze
(15,543 posts)rurallib
(62,426 posts)BOOM!
Javaman
(62,531 posts)where farmers burned their wheat fields because the crop was worthless.
Response to Javaman (Reply #12)
Mosby This message was self-deleted by its author.
that's a very odd sense of compassion you have there.
greymattermom
(5,754 posts)as they use a lot of sorghum so there is a big effect, but I think it's unlikely to cause big swings in the stock market. The states that are hurt are very red states. The rest of us don't care about sorghum.
Bengus81
(6,931 posts)Where the dipshits voted 90+% for Trump. But hey..they got a tax cut. Expect Sen Jerry "the Moran" Moran to make a big chest pumping speech this morning on the news outlets about his buds (which keep him in his cushy job) about how horrible this is.
Keeping the ACA and health care for millions?? Eh....not that big of a deal.
TexasBushwhacker
(20,204 posts)are we subsidizing crops that are primarily exported?
Response to jpak (Original post)
Mosby This message was self-deleted by its author.
KY_EnviroGuy
(14,492 posts)Sorghum, production quantity: Country, (rank), tons
(listing only countries producing over 1M tons/yr.)
United States (1) 12,199,190 tons
Nigeria (2) 6,939,335
Sudan (3) 6,466,000
Mexico (4) 5,005,837
Ethiopia (5) 4,752,096
India (6) 4,410,000
Argentina (7) 3,029,330
China (8) 2,404,303
Niger (9) 1,808,263
Australia (10) 1,790,574
Burkina Faso (11) 1,742,116
Mali (12) 1,393,826
Cameroon (13) 1,339,073
Brazil (14) 1,154,456
From: http://www.factfish.com/statistic/sorghum%2C%20production%20quantity
Looks like China can go elsewhere if need be - including Mexico.
........
dembotoz
(16,808 posts)Brother Buzz
(36,444 posts)Response to jpak (Original post)
Name removed Message auto-removed