tariff

China Tariff on U.S. Pork Now Tops 60 Percent

Dan Exports/Imports, Pork, Trade

China’s implementation of tariffs on U.S. products means U.S. pork faces a 62 percent tariff level. The National Pork Producers Council responded that U.S. pork farmers now face large financial losses and contraction because of escalating trade disputes, meaning “less income for pork producers and, ultimately, some of them going out of business.” China announced a new 25 percent tariff …

nuisance

Meat Companies Accused of Artificially Inflating Pork Prices

Jim Rogers Industry News Release

A class action lawsuit is accusing Hormel, Tyson Foods, and other meatpacking companies of artificially raising the price of hot dogs, bacon, and other pork products with the help of a company called Agri Stats, an info-sharing service. A Bloomberg report says the complaint was filed by a group of meat buyers in a Minnesota court on Thursday. The complaint …

Canada Announces Pork Sector Investment

Jim Rogers Industry News Release

Amid global trade uncertainty and U.S. pork facing tariffs, Canada is investing to expand its swine sector. While the two moves are not directly related, Canada Agriculture and Agri-Food Minister Lawrence MacAulay just announced a federal investment of up to (Canadian) $12.7 million to Swine Innovation Porc, a non-profit corporation that facilitates research in the Canadian swine sector. The non-profit …

agriculture

Mexico Turning to EU and Others to Replace U.S. Pork Imports

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

Mexico is turning to the European Union and Latin America to offset any potential declines in U.S. pork imports. Mexico recently announced a 20 percent tariff on U.S. pork shoulders and legs starting next month in response to steel and aluminum tariffs placed on Mexico by the Trump administration. Mexican officials told Politico the nation will allow 350,000 tons of …

may

Trade Retaliation Already Hurting Pork Producers

Dan Industry News Release, Pork, Trade

The National Pork Producers called for a swift resolution to the U.S.-China trade dispute because pork producers are feeling the pain. Iowa State University Economist Dermot Hayes says U.S. pork farmers have lost $2.2 billion on an annualized basis. The losses are a direct result of the events leading up to and following China’s 25 percent punitive tariffs in retaliation …

tariff

House Members Want Thailand Ban of U.S. Pork Ended

Dan Exports/Imports, Industry News Release, Pork

Members of the House of Representatives sent a letter to Taiwan’s Ambassador to the U.S. asking for the removal of import restrictions on American agricultural products, including pork. The bipartisan letter was signed by 44 House members and sponsored by Republican David Young of Iowa and Wisconsin Democrat Ron Kind. The letter calls for the U.S. to suspend trade benefits …

pork

House Members Call for End to Thailand’s Ban on U.S. Pork

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

Members of the U.S. House of Representatives sent a letter to Virachai Plasai, ambassador of the Kingdom of Thailand to the United States, calling for the removal of restrictions on imports of U.S. farm products, including U.S. pork. The bipartisan letter – signed by 44 members and sponsored by Representatives David Young, R-IA, and Ron Kind, D-WI – calls for the …