Trade Retaliation Hurting U.S. Pork Producers

Dan Exports/Imports, Industry News Release, Pork, Trade

Producer Losses at $2.2 Billion Since March 1 The National Pork Producers called for a swift resolution of the United States-China trade dispute, paving the way for increased U.S. pork exports to the world’s largest pork-consuming nation. According to Iowa State University Economist Dermot Hayes, U.S. pork producers have lost $2.2 billion on an annualized basis due to events leading up to and following China’s 25 percent punitive tariffs in retaliation for U.S. tariffs on aluminum and steel.  …