U.S. pork industry sees $25B China market without tariffs: Hayes

November 26, 2019
News

Dr. Dermot HayesFrom a Nov. 26 story in MSN, Money:

The National Pork Producers Council released the forecast on Tuesday as they pressed the Trump administration to emphasize access for pork products in ongoing talks with Beijing for a partial trade agreement.

Dermot Hayes, an Iowa State University economics professor who performed the analysis, said the projection was based on a “best-case scenario” in which China drops all tariffs and barriers to pork imports, including speeding up customs processing to allow for imports of chilled pork.

The Asian country had a 12% duty on frozen pork before the trade war and has now added a 60% punitive tariff. Currently, China’s customs processing is restricting imports of non-frozen U.S. pork, Hayes said.

This story also covered in:

Politico, Nov. 26
Market Screener, Nov. 26
AgNewsFeed, Nov. 26

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