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China finds U.S. sorghum damaging domestic industry
BEIJING, April 17 (Reuters) - China will require CHS Inc
and other U.S. companies to put down a big deposit for
sorghum shipments to the country after finding the U.S. grain
has damaged the domestic industry, Beijing said on Tuesday in a
preliminary antidumping ruling.
The move follows a launch of an anti-dumping investigation
just over two months ago and will likely stir trade tensions
between the world's top two economies.
The deposit will be as high as 178.6 percent of the value of
any U.S. sorghum imports by China and is effective from
Wednesday, the Ministry of Commerce said in a statement as it
continues its investigation.
The government found the domestic industry was
"substantially damaged" by U.S. imports that are being dumped
into the country, it said.
(Reporting by Josephine Mason; Editing by Tom Hogue)
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