US pork producers call for end to US-China trade war
04.06.2018
The US’ National Pork Producers Council (NPPC) has called for a swift resolution to the US-China trade dispute. “We hope the next round of trade talks with China results in improved market access to a critical export market for US pork and other farm products,” NPPC President Jim Heimerl said in a statement.
He added that US pork producers “are dependent on exports and are one of the few sectors of the economy that can immediately reduce the trade imbalance with China.” According to Iowa State University Economist Dermot Hayes, US pork producers could lose some USD 2.2 billion this year. “While not all of this lost value can be attributed to trade friction with China, it is certainly the main factor,” Mr Hayes said.
