Source: NEWS DAKOTA, 12/17/21

The Chinese finance ministry says it will raise the import duties on most pork products in 2022. Reuters reports that the move comes after China rapidly expanded its domestic production and has less of a need for imports in the near future. The ministry will raise its tariff for most favored nations from the current eight percent to 12 percent on January 1. China had lowered its tariffs on frozen pork during 2020 as the country faced exploding domestic pork prices in the aftermath of the African Swine Fever outbreak.

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