Farmers on edge as trade war hits U.S. grain shipments

TRADE WARS

SafeHaven/Fred Dunkley/4-20-2018

“As of Thursday, Reuters reported 20 ships carrying over 1.2 million tonnes of U.S. sorghum worth $216 million on the waters, and a least five of those ships turned around after Beijing announced that importers would have to pay a whopping 178.6-percent deposit on the value of each shipment, possibly rendering them unprofitable. The deposit, which went into effect Wednesday, is a temporary anti-dumping measure from Beijing, which claims that U.S. grain has damaged China’s domestic industry. The deposit is being viewed as a ‘duty’.”

Image by Corey Coyle [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

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