China imposes provisional tariffs on US, Mexico pecans

The Chinese Ministry of Commerce has provisionally imposed tariffs on pecans imported from the United States and Mexico, claiming the countries are dumping the produce into China and harming domestic producers. Over the course of the investigation, shipments of the dumped goods increased by 104.56 percent, while their share of the Chinese market grew by 9.69 percentage points, according to the ministry's statement.

Import prices for these products fell by 9.15 percent and remained below the domestic market price. Chinese authorities announced a 51.6 percent cash deposit on Mexican firms and 54.3 percent on American producers as part of their "anti-dumping measure." Six Mexican companies that cooperated with the investigation received lower rates, between 17.8 percent and 23 percent.

Despite Mexico's participation in the investigation, no American producers received reduced rates. The measures will come into effect on Tuesday, and interested parties have 10 days to submit written comments. The ministry pledged to "fully protect the rights of all interested parties" and to issue a final ruling based on the investigation's findings.

The US-Mexico-Canada Free Trade Agreement review, set to conclude in 2036, coincided with Mexico's decision to increase tariffs on over 1,400 product categories, including vehicles, auto parts, steel, toys, and furniture. The tariffs were in response to concerns that China might act as a back door for Chinese products into the American market.