Sunday, February 07, 2010

China to Tax U.S. Chicken

China is getting increasingly bold in its response to an ongoing trade dispute with the U.S., Chinese authorities Friday slapped preliminary import duties of as much as 105.4% on U.S. chicken products.

The Ministry of Commerce which announced the decision said U.S dumping is hurting China's domestic poultry industry. Once the new directive takes effect Feb. 13, U.S. exporters, including Pilgrim's Pride Corp. and Tyson Foods Inc., will be required to deposit the duty with Chinese customs, pending a final decision on the matter.


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