Trump to impose tariffs on China as U.S. meat industry seeks unfettered access

President Donald Trump announced today he will move forward with a plan to impose a 25 percent tariff on $50 billion in Chinese imports and set restrictions on Chinese investment in U.S. high tech industries, a move that ratchets up trade tensions and complicates efforts by the U.S. red meat and poultry industries to gain wider market access in that lucrative Asian market.

Immediately caught up in the trade dispute were U.S. pork producers, with China in March having slapped a 25 percent tariff on U.S. pork in retaliation for U.S. tariffs on aluminum and steel. China added U.S. beef to its list in April.

Source: MeatingPlace