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China scrapped import shipment of American pork in the biggest cancellation in more than a year as US-China trade war escalated

From scmp.com

The same week US President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 metric tonnes of US pork – the biggest cancellation in more than a year, according to US Department of Agriculture data released on Thursday. The cancellation came during the week ended May 9, a blow to the US$6.5 billion export market for American pork, vital to the burgeoning US meat industry. Prior to the trade war, China and Hong Kong combined were the second largest export market for US pork. For months, the US farm sector – which has been among the hardest hit by the ... (full story)

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