China srcaps import barriers for US broiler chicken
After more than half a decade of trade dispute before the World Trade Organization (WTO), China has officially lifted the anti-dumping and anti-subsidy tariff on American-bred white-feathered broilers.
In January this year, WTO compeled Beijing to ease trade restrictions and lower tariffs on U.S. broilers, which it has imposed in 2010.
The withdrawal of duties, which will be effective immediately, came as Chinese President Xi Jinping’s top economic adviser Liu was scheduled to arrive in Washington to iron out trade between the world’s top two economies.
To recall, growing tensions on trade between the two nations has become apparent following the import restrictions on U.S. poultry, which stemmed from an avian flu outbreak.
With China’s trade sanctions, Washinton retaliated with its own trade sanctions on Chinese-made electronics, solar panels, and steel. This then triggered Beijing to probe U.S. sorgrhum exports.