China's August grain imports slide on Sino-U.S. trade war
Both countries have implemented trade tariffs on a range of products
Beijing/ Shanghai - China's grain imports fell sharply in August, customs data showed on Sunday, a month after Beijing imposed hefty tariffs on shipments from the United States, one of its top suppliers. China brought in 60,000 tonnes of sorghum in August, down 78.5% from 259,892 tonnes a year ago, according to figures published by the General Administration of Customs. Shipments were also down from July's 220,000 tonnes. China imposed 25% tariffs on a long list of U.S. products on July 6, in response to American duties on a list of Chinese products levied the same day. The duties cover sorghum, corn and soybeans, key raw materials for China's huge animal feed industry, as well as pork, which had already been hit with tariffs in April. The customs figures do not give a country by country breakdown, but China imports almost all of its sorghum from the United States. The import slump came despite a fall in sorghum prices that made shipments attractive even when adding in the cost of t...
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