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India ships more cotton to China as 25 percent tax spoils US supply

Updated : June 21, 2018 06:24 AM IST

The United States, the world's biggest exporter of the fibre, has cornered the bulk of Chinese imports for at least a decade.
India has already signed contracts to ship 500,000 bales (85,000 tonnes) of their new season harvest to China, officials said last week, in rare advance deals.
In response to US tariffs on $50 billion in Chinese goods, Beijing slapped import taxes on cotton, as well as on other commodities and products from the United States, even as its own state reserves of the fibre are depleting.
India ships more cotton to China as 25 percent tax spoils US supply

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