BEIJING (Reuters) – China’s Ministry of Commerce confirmed it is starting a review on Monday of its anti-dumping tariffs on imports of distillers grains (DDGS) from the United States and said the investigation should be completed in a year.
The review comes amid trade talks between Beijing and Washington aimed at ending a months-long ****-for-tat tariff row that has roiled global markets. Beijing has pledged during these talks to increase its imports of U.S. farm goods.
Commerce - Ministry - Measures - DDGS - United
The commerce ministry “will review whether it is necessary to continue to impose anti-dumping and anti-subsidy measures on imported DDGS from the United States,” according to a statement posted it website.
Reuters reported last week that the ministry was set to review the tariffs on U.S. DDGS, citing a document issued by the China Alcoholic Drinks Association.
DDGS - Byproduct - Production - Part - Profits
DDGS are a byproduct of ethanol production and have become a key part of profits for makers of the biofuel. China’s tariffs on U.S. DDGS...
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