China will impose an anti-subsidy duty on imports of distillers’ dried grains with or without solubles from the U.S.A.
The provisional anti-subsidy import duties range from 10 percent to 10.7 percent and will be implemented from Sept. 30. Imports from mainsuppliers in the USA will incur duties between 10 percent and 10.5 percent, the ministry in China said. Imports from other companies not listed in today’s announcement will have a 10.7 percent duty imposed, it said.
The Chinese Ministry said that imports of subsidized U.S. distillers’ dried grains has hurt China’s domestic industry. The anti-subsidy duty will be in addition to an anti-dumping deposit of 33.8 percent imposed last week. Chinese buyers will have to pay deposits to Customs on the after-tax imported price.
China imported a record 6.8 million metric tons of grains in 2015, worth about $2 billion, according to Shanghai JC Intelligence Co., citing official customs data. The nation is the world’s biggest buyer, and almost all of its imports come from the U.S.