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China imposes levies on pecans from US, Mexico

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Key takeaways by Insider Paper
  • China imposed steep levies on pecans from the US and Mexico following a preliminary anti-dumping ruling.
  • Mexican pecans face levies between 17.8% and 51.6%, US pecans face a blanket 54.3% rate.
  • The ministry said preliminary evidence shows dumping caused substantial damage to China's domestic pecan industry.
  • Measures come amid broader US-China trade friction, including recent Chinese drone export limits and US bans on foreign humanoid robots.

China announced steep levies on pecans imported from the United States and Mexico on Monday after it found the products were being dumped on the Chinese market.

Beginning Tuesday, pecans from Mexican producers will face levies between 17.8 percent and 51.6 percent while those from US companies face a blanket 54.3 percent rate, the Chinese commerce ministry said.

The rates were issued after the ministry reached a “preliminary ruling” on its anti-dumping investigation into imported pecans it initiated in September last year.

“Preliminary evidence indicates that the imported products under investigation are being dumped, causing substantial damage to the relevant domestic industry,” the ministry said in a statement.

The new levies come as trade friction persists between the world’s two largest economies, despite plans for Chinese leader Xi Jinping to visit the US and meet President Donald Trump in September.

On Wednesday, China announced restrictions on drone exports to the US in response to trade sanctions imposed by Washington over forced labour and national security concerns.

In July, the US also banned imports of humanoid robots manufactured abroad, in a move that mainly impacts Chinese firms which lead in the sector.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.

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