At the World Economic Forum in Switzerland this week, the American Chamber of Commerce in China brought attention to China’s recent move to hike duties and tariffs on dried distiller grains (DDGs) from the U.S.
China claims the U.S. is dumping DDGs in their market, causing a drop in domestic prices. The country increased anti-dumping duties and anti-subsidy tariffs.
“China has already initiated certain measures in this regard,” said Lester Ross, policy committee chairman at Amcham China. “With respect to anti-dumping duties concerning DDGs, that’s an agricultural byproduct imported into China. The new duties are higher than the preliminary determination had warranted.”
The duties and tariffs could be in effect for 5 years.