China Commerce Ministry Ends Anti-Dumping Probe Into US Sorghum

China To End Anti-Dumping Probe Into US Sorghum Amid Trade Talks

China is stepping up its efforts to avoid a trade war with the United States.

In April, Beijing introduced a high tariff on the imports as part of a tit-for-tat trade spat between with the US. The two-day talks would continue until Friday.

The negotiations are aimed at finding a way out of the bitter trade clash between the world's top two economies.

The announcement came as U.S. trade officials held talks in Washington with Chinese Vice Premier Liu He, who is President Xi Jinping's top economic adviser.

China entered the talks offering a package of trade concessions and increased purchases of American goods aimed at cutting the US trade deficit by $200 billion, according to the New York Times and agencies.

It wasn't immediately clear how China would carry out such a dramatic increase in imports from the United States. But it is still not a big deal compared with the overall trade deficit in goods, which reached $375 billion a year ago.

China said a final ruling on whether to continue April's 178.6% tariffs would be made after a further investigation. But that could cause disruptions to supply chains and create tensions with the affected countries.

The US, the world's largest economy, has a trade deficit of nearly Dollars 500 billion with the world's second largest economy China.

It's also unclear what the Chinese government is asking for in return. But the United States government "might not be willing to do that", he added.

The Chinese offer also came with a condition that the United States relax export controls banning the sale of many high-tech products to China, the New York Times reported. He said on Twitter on Sunday he had ordered the U.S. Commerce Department to put ZTE back in business.

The Chinese government welcomed his comments.

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 USA technology - a bigger structural change for China's state-driven economic model.

Experts say Beijing is trying to engineer a deal focused on the trade imbalance rather than cede to USA pressure over its industrial policies aimed at boosting Chinese high-tech industries.

"China wants it to just be about the trade deficit. They want it to be a numbers issue", Wolf said.

China has signaled its not interested in changing its industrial policies, which it views as crucial for developing its economy.

Trump has threatened to impose tariffs on up to $150 billion of Chinese goods to combat what he says is Beijing's misappropriation of US technology through joint venture requirements and other policies.

China abruptly terminated an anti-dumping probe into imported USA sorghum on Friday, a signal that Beijing is trying to lower tensions with Washington as the latter seeks a more balanced trade relationship.

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

"The imposition of anti-dumping and anti-subsidy measures on imports of sorghum originating from the United States would have a widespread impact on consumer living costs, and does not accord with the public interest", China's Commerce Ministry said in a statement.



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