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On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
Dry weather conditions prevailing throughout the winter grains crop cycle, along with warmer than average spring temperatures have driven down yield expectations in Spain.
On May 22, 2017, China's Ministry of Commerce (MOFCOM) announced a safeguard measure on sugar imports from major supplying countries.