|
Source: Jennifer Shike, PORK BUSINESS, 5/17/19
It came as no surprise to many, but Chinese buyers dropped orders for 3,247 metric tons of U.S. pork, the biggest cancellation in more than a year, according to USDA data released Thursday. The cancellation took place the week of May 9, the same week that U.S. President Donald Trump announced increases on tariffs against Chinese goods. Reuters reported that this is a blow to the $6.5 billion export market for American pork, vital to the U.S. meat industry. For more of this story, click here.
|