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Does Donald Trump have a sharp hatchet in his bag like Lee Kuan Yew?
With sorghum warning shot, Beijing targets Trump's core farm base
BEIJING (Reuters) - In launching a probe into U.S. sorghum imports, China has fired a warning shot across its top trading partner’s bow that shows farmers in states that voted for U.S. President Donald Trump may be Beijing’s top retaliatory target in the event of a trade war.
On Sunday, the Ministry of Commerce launched an anti-dumping and anti-subsidy investigation, potentially leading to hefty tariffs on imports of the ingredient used in livestock feed and the fiery Chinese liquor baijiu.
It comes less than a fortnight after Trump slapped steep tariffs on imports of solar panels and washing machines and two months after Washington’s decision to investigate Chinese aluminum alloy sheet, the first U.S.-initiated anti-subsidy and anti-dumping probe in decades.
Those moves had rekindled concerns among global policymakers and markets of a U.S.-China trade war.
With sorghum warning shot, Beijing targets Trump's core farm base
BEIJING (Reuters) - In launching a probe into U.S. sorghum imports, China has fired a warning shot across its top trading partner’s bow that shows farmers in states that voted for U.S. President Donald Trump may be Beijing’s top retaliatory target in the event of a trade war.
On Sunday, the Ministry of Commerce launched an anti-dumping and anti-subsidy investigation, potentially leading to hefty tariffs on imports of the ingredient used in livestock feed and the fiery Chinese liquor baijiu.
It comes less than a fortnight after Trump slapped steep tariffs on imports of solar panels and washing machines and two months after Washington’s decision to investigate Chinese aluminum alloy sheet, the first U.S.-initiated anti-subsidy and anti-dumping probe in decades.
Those moves had rekindled concerns among global policymakers and markets of a U.S.-China trade war.