Markets are reacting to the 25 percent tariff China imposed on U.S. pork. Hog prices are down. Stock prices for Tyson Foods, the world’s second largest meat company, are taking a hit. Iowa Republican Governor Kim Reynolds says she’s an advocate for “free and fair trade” — but the tariffs President Trump imposed on Chinese steel and aluminum are having a negative impact on the Midwest.
Reynolds says she’ll use any opportunity she can to encourage Trump and his governing team to resolve the impasse without elevating the dispute even further.
China is a top destination for Iowa soybeans, but the Chinese did not include soybeans in the 128 products included in its tariff list.
