
With the US China Trade Agreement announced earlier this week, the meat industry is responding to the agreement. After the announcement of a 90-day temporary tariff de-escalation on US exports, the National Pork Producers Council President Duane Stateler, said, “America’s pork producers are encouraged by the temporary tariff reduction agreement reached by the U.S. and China. We look forward to the continued collaboration and engagement between both countries to further reduce tariff and non-tariff barriers to trade. No other country holds a candle to our export opportunities in China, as many of our exported pork products, such as offals, are not widely consumed in the U.S. and have nowhere to go.” USMEF CEO Dan Halstrom said, “USMEF greatly appreciates the efforts of U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent to negotiate this agreement with their Chinese counterparts. Although this is a temporary pause, we are hopeful that it is the first step toward restoring access to China for U.S. pork and beef.” The United States and China have agreed to reduce tariffs imposed after April 2 to 10% for 90 days, as the negotiations continue. The US has agreed to reduce the tariffs on Chinese imports from 145% to 30%, with China agreeing to reduce retaliatory duties from 125% to 10%. According to the National Pork Producers Council, the minimal total tariff rate on pork will be 57%, down from 172%.