March 27, 2018

NO ONE HATES JUST MEXICANS:

China's pork, ethanol tariffs will hit rural Iowa pocketbooks (Donnelle Eller, March 23, 2018, Des Moines Register)

Worries over a looming trade war have already hit Iowa pork producers' pocketbook to the tune of $240 million from falling prices, and the damage will likely grow, industry leaders say.

On Friday, China said it would impose tariffs on $3 billion worth of American-produced fruit, pork, wine, seamless steel pipes and more than 100 other goods. [...]

Mexico, Hong Kong and China, Japan and Canada are the nation's top export markets for U.S. pork.

The Chinese market alone purchased about $1.1 billion in U.S. pork last year, according to the U.S. Meat Export Federation.

U.S. pork prices have already dropped about $6 per market-weight pig over the last couple of days as threats have grown.

Posted by at March 27, 2018 4:11 AM

  

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