onsdag 19. juni 2019

Will the trade war mean US pig farmers miss out on their ‘single greatest sales opportunity’ in China?

With African swine fever cutting China's pig population in half, it may be no longer able to satisfy the nation's demand for pork, theoretically opening the door for farmers in the United States to fill the void. But in retaliation to the tariffs placed on Chinese imports by
US President Donald Trump, pork going to China from the US now faces a 62 per cent levy, essentially making American products too expensive for consumers in China. It is also leaving exporters frustrated that they cannot take advantage of a prime opportunity to gain long-term access to a lucrative market.