China Scraps Probe Into Near $1 Billion U.S. Sorghum Imports
- Investigation isn’t in line with public interest: ministry
- China is said to have offered U.S. reduction in trade surplus
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China scrapped an anti-dumping and anti-subsidy probe into U.S. sorghum imports as the two countries seek to resolve a trade dispute.
The investigation isn’t in line with public interest, China’s Ministry of Commerce said in a statement on Friday. The Asian country announced the probe in February and in April imposed a 178.6 percent anti-dumping deposit. The ministry said it will return the deposits.