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'We are the casualty

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https://www.cnbc.com/2018/07/04/us-pork-producers-brace-for-new-pork-tariffs-from-china-mexico.html

 

 

'We are the casualty:' US pig farmers brace for second round of pork tariffs from China, Mexico

 

  • U.S. pork producers are about to be hit by a second batch of hefty retaliatory tariffs from China and Mexico that has some large producers predicting they will lose big money.
  • China is scheduled Friday to start collecting an additional 25 percent tariff on imported U.S. pork, which when added with the previous import taxes will mean a tax exceeding 70 percent.
  • Industry analysts say China's high import tax essentially slams the door shut on U.S. pork imports into China, which also will start collecting 25 percent tariffs for soybeans this Friday.

U.S. pork producers are about to be bitten by a second batch of hefty retaliatory tariffs from China and Mexico — and that has some large producers predicting they could lose big money and be forced to invest overseas.

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