Bayer, the maker of Roundup, has asked the US to impose duties on glyphosate imported from China, citing artificially low prices. This move has angered US farmers, who are already struggling financially due to high input costs.
Impact on Farmers
The National Corn Growers Association and the American Soybean Association have expressed concerns that duties on Chinese glyphosate would limit market competition, lead to cost spikes, and ultimately hurt US farmers. Grain and soybean growers have struggled financially for the past four years, partly due to high costs for inputs like chemicals, seed, and fertilizer.
Bayer’s subsidiary, Monsanto, filed antidumping and countervailing duties petitions with the US Department of Commerce and the US International Trade Commission. The company argues that the domestic glyphosate business is not sustainable due to subsidized imports from China.
Recent Legal Victory
Last week, Bayer scored a major legal victory when the US Supreme Court blocked thousands of state-court lawsuits that accuse the company of failing to warn users that glyphosate causes cancer. Bayer has paid about $10 billion to settle disputed claims that Roundup causes cancer.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
