Meat Institute Statement in Response to China's Announcement of Tariffs on U.S. porkFriday, March 23, 2018
Attribute statement to North American Meat Institute President and CEO Barry Carpenter in response to China’s announcement of tariffs on U.S. pork:
"The decision by the Chinese government to levy 25 percent tariffs on U.S. 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 U.S. pork production is slated to rise this year.
China in 2017 was the second largest volume market and third largest value market for U.S. pork exports, totaling more than $1.1 billion.
It’s clear the future growth of the U.S. 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 U.S. 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 U.S. businesses and consumers."share on facebook share on twitter