Beijing — China scrapped an anti-dumping and anti-subsidy probe into US sorghum imports as the two countries seek to resolve a trade dispute. The investigation was not in line with public interest, China’s Ministry of Commerce said on Friday. The Asian country announced the probe in February and in April imposed a 178.6% anti-dumping deposit. The ministry said it would return the deposits. Authorities had found the investigation "will increase costs for downstream breeding sector as well as living costs for a majority of consumers", the ministry said. It cited a decline in pork prices and the country’s money-losing breeding sector as the reason for scrapping the probe. China’s anti-dumping deposit has roiled sorghum trading for the past month as buyers scrambled to resell more than 20 cargoes of US grain. The end of the investigation comes after China offered US President Donald Trump a $200bn reduction in its annual trade surplus with the US by increasing imports of American produc...
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