Friday, President Donald Trump announced 25 percent tariffs on $50 billion worth of Chinese goods that contain industrially significant technologies. China fired back with $34 billion of retaliatory tariffs. Jim Monroe with the National Pork Producers Council says U.S. pork industry is right at the center of the fight, with an additional 25-percent tariff on U.S. pork to go into effect on July 6.
President Trump has promised another $100 billion of tariffs, putting U.S. agriculture concerned about a trade war between the two economies. President Trump says trade between the U.S. and China has been very unfair for a very long time. Monroe says despite that, China is an important export market for American pork.
Monroe says America’s pork producers are already being negatively impacted by the trade dispute with a 25 percent tariff in place on U.S. pork to China as of April 2.
Other U.S. ag products on the retaliation list include soybeans, wheat, corn and beef.
