China has lifted its 11-percent Value Added Tax on United States Dried Distillers Grain imports. New Energy America Executive Director Mike Carr says on the surface that’s positive for America’s renewable fuel industry and U.S. farmers.
However, China left antidumping duties of between 42.5 percent and 53.7 percent and counter vailing duties of 11 to 12 percent on DDGs. Carr says while the U.S. has been able to export DDG’s successfully, the duty issues need to be resolved.
Carr says U.S. trade officials must keep working with China to avoid market glitches, such as the recent value added tax and keep negotiating to get the duties eliminated so free trade can flow.
Carr credits U.S. Grains Council officials for weighing in with the Chinese on the VAT problem as well as President Trump for traveling there this week and speaking to them about the issue as well.
