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Trade Service
11: China's Ministry of Commerce said Wednesday it will continue to impose antidumping and countervailing duties on U.
S.
imports of corn distillers grains meal (DDGS) for five years
.
After a one-year review period that expires in 2021 and ends on Jan.
11, China will continue to impose tariffs
of up to 66 percent on the product.
Anti-dumping duties range from 42.
2 per cent to 53.
7 per cent, while countervailing duties range from
11.
2 per cent to 12 per cent.
11, China will continue to impose tariffs
of up to 66 percent on the product.
Anti-dumping duties range from 42.
2 per cent to 53.
7 per cent, while countervailing duties range from
11.
2 per cent to 12 per cent.
The Ethanol Branch of the China Alcohol Industry Association issued a statement on the WeChat public account, welcoming
the announcement of the Ministry of Commerce.
The statement said that in the past five years, the double tariff has achieved remarkable results, effectively curbed unfair trade from the United States, and ensured the healthy development of
the domestic sake lees industry.
If the antivailing and anti-dumping measures are terminated, the United States is likely to dump a large amount of corn distillers grains meal into China at a low price again, which may continue or again cause damage
to the domestic industry.
the announcement of the Ministry of Commerce.
The statement said that in the past five years, the double tariff has achieved remarkable results, effectively curbed unfair trade from the United States, and ensured the healthy development of
the domestic sake lees industry.
If the antivailing and anti-dumping measures are terminated, the United States is likely to dump a large amount of corn distillers grains meal into China at a low price again, which may continue or again cause damage
to the domestic industry.
Analysts say Chinese ethanol producers are struggling because of high prices for corn, a raw material, and weak domestic consumption
.
.
The continued imposition of anti-dumping duties is not expected to have a significant impact on U.
S.
exports, as U.
S.
exporters have opened up other markets, such as South Korea and Mexico
, since China imposed anti-dumping duties in 2016.
S.
exports, as U.
S.
exporters have opened up other markets, such as South Korea and Mexico
, since China imposed anti-dumping duties in 2016.
