U.S. pork to feel further chill from China tariff threat

[bronxiteforever]

Reuters
BEIJING, March 23 (Reuters) - China’s threat of steep tariffs on American pork imports will put further pressure on an industry already facing weaker demand from the world’s top buyer of the meat.

Beijing said on Friday it was considering levying an additional 15 percent tariff on U.S. products including dried fruit, wine and steel pipes, and an extra 25 percent duty on pork products and recycled aluminium in response to U.S. tariffs on steel and aluminium.

Total U.S. pork exports to China were worth $1.16 billion.

https://www.reuters.com/article/usa-trade-china-pork/u-s-pork-to-feel-further-chill-from-china-tariff-threat-idUSL3N1R51ZL

FYI-states that produce the most pork.
Iowa - $4.2 billion.
Illinois - $1.54 billion.
Minnesota - $1.47 billion.
North Carolina - $1.46 billion.
Indiana - $1.04 billion.
Oklahoma - $952.7 million.
Missouri - $791 million.
Nebraska - $657.5 million.

[beachbum bob]

1. china imports of pork is not the significant portion of the total US pork market but the

effect of the tariff will make other country's pork more attractive. China is doing a throwdown against a guy who is too stupid to comprehend what trade and tariffs are and their impacts.

China has enough in their arsenal that they could easily send our stock market spiraling to under 10,000....trump has no idea what china can and would do.

[bettyellen]

2. Im sorry for Illinois and Minnesota, if only it was Wisc instead....

[dalton99a]

4. And Trumpanzee farmers in Iowa

[FarCenter]

3. Only a small part of pork production is traded. China is curtailing of rapidly increasing imports.

http://www.nationalhogfarmer.com/marketing/world-pork-production-and-trade-keep-expanding

For more than 20 years Japan was the largest pork importing nation. A doubling in imports by China last year has made that country the new No. 1 pork importer. The United States ranks fifth in pork imports after China, Japan, Mexico and South Korea. Russia was a major pork importer until 2013 when their government decided to severely restrict imports from the United States and the European Union. China and Mexico are forecast to take two-thirds of the year-over-year increase in pork imports.