China Announces 25 Percent Tax on U.S. Pork Imports

Biting the hand that feeds him.

Last year, the U.S. pork industry exported $1.1 billion in products to China, making it, with Hong Kong included, the 2nd highest market for U.S. pork. However the U.S. imports only account for 14 percent of Chinese pork consumption, meaning the tariffs will hurt U.S. farmers far more than Chinese consumers.

Iowa State University economist Dermot Hayes cautioned tariffs on U.S. agricultural products, including pork, could devastate small rural farms. U.S. farmers shipped nearly $20 billion of goods to China in 2017.

“When it comes to trade, we expect all countries to follow international rules and to trade fairly,” Heimerl said.

We also expect all countries to resolve trade disputes in a way that doesn’t harm businesses, farmers and consumers.”

“China is showing its capacity to fight back,” said Monica Tu, an analyst at Shanghai JC Intelligence Co. China plans reciprocal tariffs on $3 billion in products from pork to wine.

Trump Tweeted on March 2 that trade wars are good and easy to win.

However agricultural commodities could feature heavily in any ongoing tit-for-tat trade war impacting rural America, and Trump’s support base.

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