financetom
Business
financetom
/
Business
/
Bayer seeks US duties on Chinese-made glyphosate, angering farmers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bayer seeks US duties on Chinese-made glyphosate, angering farmers
Jun 30, 2026 5:42 PM

June 30 (Reuters) - Bayer on Tuesday asked Washington to impose duties on glyphosate, the chemical used in the company's weedkiller Roundup, imported from China, saying it was being sold at artificially low prices.

The move angered U.S. farmers, many of whom have lost money for years, because duties would increase the cost of the herbicide and add to their financial woes.

The company scored a major legal victory last week when the U.S. Supreme Court blocked thousands of state-court lawsuits that accuse Bayer of failing to warn users that glyphosate causes cancer.

Bayer sought duties through a petition by its subsidiary Monsanto to the U.S. Department of Commerce and the U.S. International Trade Commission.

"Monsanto filed antidumping and countervailing duties petitions to address predatory trade practices and subsidized imports of glyphosate," the company said in a statement.

"The domestic glyphosate business as it stands today is not sustainable."

Bayer is the only U.S. maker of glyphosate and asked the agencies for countervailing duties on cheaper Chinese shipments to offset the difference between those products and domestically produced glyphosate, according to a copy of the petition.

"They are taking this step purely for the benefit of the company and its shareholders, once again at the expense of the American farmer and at a time when the ag economy is facing one of its most difficult periods in decades," said Jed Bower, president of the National Corn Growers Association, in a statement. 

Grain and soybean growers have struggled financially for the past four years partly due to high costs for inputs including chemicals, seed and fertilizer.

"Actions to impose import taxes on those products limit market competition, threaten cost spikes, and ultimately hurt U.S. farmers," the American Soybean Association said in a statement.

On June 25, the Supreme Court overturned a jury verdict in Missouri awarding $1.25 million to a man named John Durnell who said he was diagnosed with non-Hodgkin lymphoma after years of exposure to glyphosate ‌in Roundup.

    Bayer previously told U.S. lawmakers it might stop selling Roundup unless they could strengthen legal protections against product liability litigation. Bayer has paid about $10 billion to settle disputed claims that Roundup causes cancer.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tesla sales rebound continues in several European markets in April
Tesla sales rebound continues in several European markets in April
May 1, 2026
LONDON, May 1 (Reuters) - Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but fast-moving Chinese rivals such as BYD kept chipping away at the U.S. electric vehicle maker's market share. Tesla's sales have recovered strongly in Europe this year after two consecutive annual declines, including a drop of nearly 27% in 2025....
Archimed to take Esperion Therapeutics private for up to $1.1 billion
Archimed to take Esperion Therapeutics private for up to $1.1 billion
May 1, 2026
May 1 (Reuters) - Investment firm Archimed said on Friday it will take drug developer Esperion Therapeutics ( ESPR ) private for up to $1.1 billion. (Reporting by Sriparna Roy in Bengaluru) ...
nVent Electric Q1 Adjusted Earnings, Revenue Rise
nVent Electric Q1 Adjusted Earnings, Revenue Rise
May 1, 2026
07:06 AM EDT, 05/01/2026 (MT Newswires) -- nVent Electric ( NVT ) reported Q1 adjusted earnings Friday of $1.09 per diluted share, up from $0.67 a year earlier. Analysts polled by FactSet expected $0.94. Revenue for the quarter ended March 31 was $1.24 billion, up from $809.3 million a year earlier. Analysts surveyed by FactSet expected $1.11 billion. The company...
HF Sinclair Swings to Q1 Adjusted Earnings, Revenue Rises
HF Sinclair Swings to Q1 Adjusted Earnings, Revenue Rises
May 1, 2026
07:05 AM EDT, 05/01/2026 (MT Newswires) -- HF Sinclair ( DINO ) reported Q1 adjusted earnings Friday of $0.69 per diluted share, swinging from a loss of $0.27 a year earlier. Analysts surveyed by FactSet expected a loss of $0.06. Sales and other revenue for the quarter ended March 31 was $7.12 billion, up from $6.37 billion a year earlier....
Copyright 2023-2026 - www.financetom.com All Rights Reserved