China Imposes Additional Tariffs on Pecans Originating from the US and Mexico
· Bloomberg HT
China's Ministry of Commerce has initiated a provisional anti-dumping deposit of up to 54.3% on pecans imported from the United States and Mexico, citing unfair competition.
China's Ministry of Commerce has announced provisional anti-dumping measures targeting pecans imported from the United States and Mexico. According to the ministry's data, a deposit of 54.3% will be applied to imports from the US, while for purchases from Mexico, the deposit will range between 17.8% and 51.6%, depending on the specific company. The decision was reportedly based on preliminary findings of an investigation that concluded the products were being sold at unfairly low prices in the market.
This customs measure comes into effect at a time of increasing trade tensions, ahead of a planned summit between the leaders of the two countries in September.