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15 May 2024

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China makes biggest U.S. sorghum purchase since April as trade talks resume

China made its biggest purchase of U.S. sorghum since April last week, according to U.S. Department of Agriculture data issued on Thursday, as Washington and Beijing revive discussions to end their trade war.

The world’s top sorghum importer bought 51,072 metric tons of the grain even though China imposed a 25% tariff on American shipments in July 2018 as part of the tit-for-tat trade dispute. The purchases will likely be used to feed livestock or make a fiery Chinese liquor called baijiu.

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Trump hits China with new tariffs on US$200 billion of imports, escalating trade war again

Trump hits China with new tariffs on US$200 billion of imports, escalating trade war again. Tariffs of 10 per cent will apply to imports worth US$200 billion annually, beginning next Monday, a move that follows two previous rounds of 25 per cent tariffs on shipments worth US$50 billion a year. The tariff rate on the latest batch of goods will rise to 25 per cent on January 1, 2019.

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More USA animal products to be included on 10% tariff list

In addition to fishmeal, China will impose a 25% tariff on the related US imports from 12:01 on August 23, 2018 including USA Fishmeal (HS Code: 23012010).

Per MOFCOM (Ministry of Commerce PRC) announced on 3/Aug/2018, below Animal products from USA are also being included on the 10% tariff list but Final measures and effective time will be announced later separately.

HS code 23011019 - Animal meat & bone meal

HS code 23011090 - Meat meal not for human

HS code 23024000 - Other cereals, bran, residue

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USA Fishmeal importing to be charged 25% tariff from 23 Aug 2018

According to MOFCOM (Ministry of Commerce PRC) Announcement No. 55 of 2018 and TCSC (Tariff Commission of the State Council) Announcement of Imposing Tariff on Imported Products Originating in the US and Valued 16 billion US Dollars (TCSC Announcement No.7 of 2018), now the adjusted list Ⅱ of the US imports subject to additional tariffs is released.

China will impose a 25% tariff on the related US imports from 12:01 on August 23, 2018 including USA Fishmeal (HS Code: 23012010).