China imposes 25% tariff on pork, other products

by Erica Shaffer
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China
The higher duties went into force on April 2.
 
BEIJING – China increased tariffs on 128 products, including pork, in response to the US imposing higher tariffs on steel and aluminum imports from China.

The Chinese government released the list of affected products late on April 1. Fresh fruits, dried fruits and nut products, wine, ethanol, ginseng, and seamless steel pipes are subject to an additional 15 percent tariff while pork products, recycled aluminum and other items were slapped with an additional 25 percent import duty.

Barry Carpenter, president and CEO of the North American Meat Institute (NAMI), said in a statement that the Chinese government’s decision to levy 25 percent tariffs on US pork “…will significantly curtail exports to this critical market at a time when China is expanding hog production, pushing domestic pork prices lower.”

“These retaliatory tariffs will disproportionately affect hardworking American pork packers and producers, who will bear the main burden of these measures in the form of lost revenue and restricted market access, particularly as US pork production is slated to rise this year,” Carpenter said.

“It’s clear the future growth of the US meat sector, and agricultural economy, depends upon a robust trade relationship with China — one that adheres to international standards, embraces fair trade, supports American job growth and expands access of high-quality US meat products to a growing consumer base.

“We once again urge the Trump Administration to pursue constructive negotiations with the Chinese government to prevent further escalation of a trade war that will undoubtedly harm US businesses and consumers.”

In March, the National Pork Producers Council (NPPC) warned that retaliatory tariffs by the Chinese could harm the US pork industry, which exported $1.1 billion of pork products to China in 2017 making it the third-largest value market and the second largest volume market for US pork exports.

“We sell a lot of pork to China, so higher tariffs on our exports going there will harm our producers and undermine the rural economy,” said NPPC President Jim Heimerl said at the time. “No one wins in these tit-for-tat trade disputes, least of all the farmers and the consumers.

“When it comes to trade, we expect all countries to follow international rules and to trade fairly,” Heimerl added. “We also expect all countries to resolve trade disputes in a way that doesn’t harm businesses, farmers and consumers.”

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READER COMMENTS (3)

By marc1943 4/2/2018 6:05:14 PM
These immediate tariffs will be modified but should have been expected by U.S. exporters. The President is doing his job and is doing it well, and will end up having better trade relations with China and other countries.

By Jerry Marcus 4/2/2018 4:00:51 PM
For Trump to have a supposedly graduated from the Wharton School, he should have flunked out. He is an idiot when it comes to economics 101. How to make American weak again as he plays games he doesn't really understand. He should stop watching Fox news, talk about FAKE news.

By Al 4/2/2018 12:33:25 PM
Screw China, feed our own people first!!!