OMAHA, Neb. (AP) American sorghum farmers fear they will lose their largest export market if China follows through with a tariff on their crop.
China imposed preliminary anti-dumping tariffs of 178.6 percent on U.S. sorghum this week as part of its ongoing trade dispute with the U.S.
President Donald Trump has threatened to raise tariffs on up to $150 billion of Chinese goods to counteract what he says are that countrys unfair trade policies.
It wont be easy replacing the Chinese market. Last year, Chinese buyers purchased more than 90 percent of the 245 million bushels of sorghum America exported.
Basically, this will shut off grain sorghum exports to China for the United States, said Mark Welch, an agricultural economist at Texas A&M University.
Sorghum prices fell 20 to 25 percent after China announced in February it was launching an investigation into the sorghum trade. Prices declined again this week.
