AGL 39.70 Decreased By ▼ -0.30 (-0.75%)
AIRLINK 128.50 Decreased By ▼ -0.56 (-0.43%)
BOP 6.85 Increased By ▲ 0.10 (1.48%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.58 Increased By ▲ 0.03 (0.35%)
DFML 41.00 Increased By ▲ 0.18 (0.44%)
DGKC 82.74 Increased By ▲ 1.78 (2.2%)
FCCL 33.08 Increased By ▲ 0.31 (0.95%)
FFBL 73.85 Decreased By ▼ -0.58 (-0.78%)
FFL 11.78 Increased By ▲ 0.04 (0.34%)
HUBC 109.50 Decreased By ▼ -0.08 (-0.07%)
HUMNL 14.30 Increased By ▲ 0.55 (4%)
KEL 5.25 Decreased By ▼ -0.06 (-1.13%)
KOSM 7.66 Decreased By ▼ -0.06 (-0.78%)
MLCF 39.35 Increased By ▲ 0.75 (1.94%)
NBP 64.40 Increased By ▲ 0.89 (1.4%)
OGDC 193.25 Decreased By ▼ -1.44 (-0.74%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.35 Decreased By ▼ -0.04 (-0.54%)
PPL 154.05 Decreased By ▼ -1.40 (-0.9%)
PRL 25.52 Decreased By ▼ -0.27 (-1.05%)
PTC 17.32 Decreased By ▼ -0.18 (-1.03%)
SEARL 78.40 Decreased By ▼ -0.25 (-0.32%)
TELE 7.74 Decreased By ▼ -0.12 (-1.53%)
TOMCL 33.59 Decreased By ▼ -0.14 (-0.42%)
TPLP 8.31 Decreased By ▼ -0.09 (-1.07%)
TREET 16.40 Increased By ▲ 0.13 (0.8%)
TRG 56.78 Decreased By ▼ -1.44 (-2.47%)
UNITY 27.50 Increased By ▲ 0.01 (0.04%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,521 Increased By 75.6 (0.72%)
BR30 31,085 Decreased By -104.7 (-0.34%)
KSE100 98,610 Increased By 812 (0.83%)
KSE30 30,766 Increased By 285.7 (0.94%)

China announced Tuesday that it was slapping provisional anti-dumping duties on sorghum imported from the United States amid heightened trade tensions between the world's two top economies. Fears of a trade war have been simmering in recent weeks, with Washington and Beijing exchanging tit-for-tat levies and threats of more duties on hundred of billions of dollars worth of goods.
Tariffs on sorghum would hurt farmers in states such as Kansas, Texas, Colorado and Oklahoma, which are also major Republican-leaning states that make up President Donald Trump's base. "There was dumping of imported sorghum grown in the United States and the domestic sorghum industry has suffered from substantial damage," the commerce ministry said in a statement.
The ministry said it ordered importers to pay Chinese customs a deposit amounting to 178.6 percent of the value of imported sorghum. The ministry will make a final ruling after further investigation, which may lead to anti-dumping tariffs. The US shipped 4.8 million tonnes of sorghum to China last year, a fourteenfold increase from 317,000 tonnes in 2013, said Wang Hejun, director of the ministry's trade remedy and investigation bureau.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.