Anti-dumping_Duty - exporters In its statement the ministry...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
China duties to hit US chicken imports 26 September 2010 Importing chicken wings and feet into China is big business for several US companies China's government says it will impose import duties on US chicken products it says are being unfairly dumped on the Chinese market. From Monday, duties of up to 105.4% will be imposed on US chicken imports for the next five years, the China's ministry of commerce said in statement. It said an investigation had concluded that US imports were hurting the domestic chicken industry. The move is the latest in a growing trade dispute between China and the US. On Friday a US Congress committee approved a bill allowing tariffs to be imposed on imports from currency manipulating countries. The bill is aimed at China, which is accused of keeping the yuan artificially low to help its
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: exporters. In its statement the ministry of commerce defended its decision to impose the latest tariffs, saying there was a "causal relationship" between the "US dumping of broiler products and the losses suffered by domestic business". The tariffs are likely to have a significant impact on US chicken exporters, who rely on sales of chicken feet and wings to China. Some US companies will pay lower tariffs because they co-operated with China's investigation into the industry, the commerce department said. These include Tyson Foods, Keystone Foods and Pilgrim's Pride Corporation. But these tariffs will still be higher than the preliminary tariff of 43.1% announced by the Chinese government in February. BBC © MMX...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern