Amid trade talks, China drops anti-dumping probe into U.S. sorghum imports

Share

China's vice premier, Liu He, met with President Trump and a USA negotiating team led by Treasury Secretary Steven Mnuchin on Thursday in the first of two days of talks. The two-day talks would continue until Friday.

After the trade talks Thursday in Washington between top United States officials and a Chinese delegation, the White House said that "the two sides agreed to continue the discussions on Friday".

Beijing's announcement that it was ending its investigation, which effectively halted a trade worth roughly $1.1 billion past year, came hours after USA officials familiar with the matter said China was offering a package to slash the US trade deficit by up to $200 billion. But it is still not a big deal compared with the overall trade deficit in goods, which reached $375 billion past year.

The US is the world's leading producer of sorghum, and is the largest supplier of the grain to China.

The United States' two biggest exports to China were aircraft at $16 billion previous year, and soybeans, at $12 billion. But the U.S. government "might not be willing to do that", he added.

China has also been pressing the United States to lift a crippling ban on the sale of American parts to ZTE, a big Chinese maker of smartphones and telecommunications equipment.

Court dismisses plea for treason case against Sharif
In February, the apex court also disqualified Sharif as the head of the ruling Pakistan Muslim League-Nawaz (PML-N). Another topic of the discussion for the meeting is said to be Nawaz Sharif's Controversial Statements.

"China wants it to just be about the trade deficit". He said on Twitter on Sunday he had ordered the U.S. Commerce Department to put ZTE back in business. "They want it to be a numbers issue", Wolf said.

Agreeing to a deal focused primarily on reducing the trade deficit could also weaken Trump's original tariff goal of pressuring China to end policies that his administration says are aimed at misappropriating US technology - a bigger structural change for China's state-driven economic model.

China ended an anti-dumping investigation into imports of USA sorghum on Friday, as talks continue in Washington on the trade dispute between the two nations.

The Chinese Commerce Ministry said Friday the investigation, which started in January, found that imposing anti-dumping duties on United States sorghum would increase living costs for Chinese consumers. But US Trade Representative Robert Lighthizer has clearly linked the threat to impose heavy tariffs on at least $50 billion of Chinese products to Beijing's ambitious plans to become a global leader in industries like robotics and electric vehicles.

The probe had sparked concerns among American farmers that they might lose their largest export market for the crop.

Share