China has canceled 12,000 tonnes of American pork orders, signaling the largest cancellation of trade agreement for food from the 2020 pandemic. This move is part of Beijing’s retaliation on the increased duties imposed by the Trump government on Chinese products. 145% imposed by Washington on Chinese products. Beijing increased duties on US products, including pork, to a total of 172%. China Cancels 12,000 Metric Tons of Us Pork Shipments https://t.co/pf7mixyhq3 – The Hill (@thehill) This has caused concern for American pork producers, as China is one of the largest importers of American pork. According to the US Department of Agriculture, total pork exports have been reduced to the lowest level since October. The prices of the future pork contracts declined […]
Source: News Beast
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