China cancels U.S. pork import order as U.S.-China trade war drags on

For months, the U.S. farm sector – which has been among the hardest hit by the trade war between the world’s two largest economies – has been banking on China increasing its U.S. pork purchases due to African swine fever .

But the trade war, and China’s tariffs against U.S. pork, is showing signs of slowing China’s willingness to load up on the meat, say industry analysts. Earlier this year, China cancelled sales of 53 metric tonnes in the week ended Feb. 28, sales of 999 metric tonnes in the week ended March 21, and 214 metric tonnes in the week ended April 18, according to USDA data.“It’s just disappointing that this trade war could drag on for months and that means more tariffs on pork,” said Dennis Smith, commodity broker with Archer Financial Services. “This should not be happening. We should be selling a lot of pork to China, because of ASF.

African swine fever kills almost all pigs infected, though it is not harmful to people. The disease has spread rapidly across China, the world’s top pork producer. In neighbouring Vietnam the government said it will mobilize its military and police forces to combat an outbreak. USDA said on Thursday that it will soon begin testing sick and dead pigs for the hog virus that has killed herds across Asia in an effort to minimize devastation if the disease enters the United States.

globebusiness

globebusiness Boeing will be next. Goodbye Boeing!

globebusiness Let them eat communist, police state, polluted sold out cake then. Fine.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Escalating U.S.-China trade spat to hit Canadian business confidence, wallop global economyCanadian firms looking to sell in the U.S. will likely be swamped by the slowing of the U.S. economy and a decline in purchases by consumers Good. Economies exist to serve people, not the other way around. China is the most brutal, thuggish regime in the world and the US is right to take China on. Chinese businesses are most selfish. They don't care for others years of research & hardwork to produce a product but copycat and flood the market for their vested gains.
Source: nationalpost - 🏆 10. / 80 Read more »