Reklam
Reklam
Reklam
Reklam
Reklam

Lobbyist tells Congress pork producers lose US$1 billion from trade war

US PORK producers are losing US$1 billion a year because of the Sino-American trade war, says National Pork Producers Council president David Herring, reports Bloomberg

Lobbyist tells Congress pork producers lose US$1 billion from trade war

US PORK producers are losing US$1 billion a year because of the Sino-American trade war, says National Pork Producers Council president David Herring, reports Bloomberg

19 July 2019 - 19:00

US PORK producers are losing US$1 billion a year because of the Sino-American trade war, says National Pork Producers Council president David Herring, reports Bloomberg.

Mr Herring told a House Agriculture subcommittee that retaliatory tariffs by China and other countries imposed in trade disputes are 'one of the most damaging threats' to his industry, costing producers $8 per animal.



'This year, the average hog farmer is making a very small profit through the first six months of the year,' he said. 'Those small profits would be much higher were it not for trade retaliation from China and other markets.'


WORLD SHIPPING

This news 113 hits received.