
China cancels 12,000 metric tons of US pork shipments
https://thehill.com/policy/international/5266321-china-cancels-us-pork-ships/?fbclid=IwZXh0bgNhZW0CMTEAAR6D7e3roqKRIakomSeuVRIKrgk7JBxMDTLzVxVKCPvSdLpUzYf3mPo-DZ8B7g_aem_EwPj3iVLLWLTmRMyIaecTQ

China cancels 12,000 metric tons of US pork shipments
https://thehill.com/policy/international/5266321-china-cancels-us-pork-ships/?fbclid=IwZXh0bgNhZW0CMTEAAR6D7e3roqKRIakomSeuVRIKrgk7JBxMDTLzVxVKCPvSdLpUzYf3mPo-DZ8B7g_aem_EwPj3iVLLWLTmRMyIaecTQ
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From the article:
China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday.
China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows.
China, behind Mexico and Japan, was the U.S.’s third-biggest market for pork in 2024, importing some 475,000 metric tons valued at more than $1.1 billion.
China is the world’s biggest producer of pork, accounting for nearly 50 percent of global supply at around 57 million metric tons, according to the USDA. The U.S. was ranked third at 11 percent with 12 million metric tons.
China said Thursday that the U.S. is not engaged in talks to come up with a new trade deal, a characterization that Trump rejected later in the day.
Republicans you guys done fucked up bad.
Conservative fiscal policy at work. They were so afraid to have a democrat they took Trump. This is what happened.
You can guarantee every low level Chinese bureaucrat is more intelligent than Trump. They will zero in on ways to show him up. The art of the moron….
The art of the squeal.
Republicans have finally messed up so bad that working class Americans will never elect them again… unless trans people still exist, or a democrat laughs weird, or Republicans promise they’ll fix it all. In any of those cases, we’ll just have no choice but to elect them again. /s
Looks like pork prices will plummet… Again… in fucking Iowa. Not one single federal tax dollar should go there. The farmers there are THE welfare queens of federal subsidies. They always choose crops with the highest subsidy rate. They are the baby momma of federal farm welfare.
[https://www.270towin.com/states/iowa](https://www.270towin.com/states/iowa)
I guess China had the cards.
12,000 metric tons equals 26.4 million pounds
All day, I have been seeing headlines about how Trump is negotiating with China and how tariffs are not going to stay so high. So out of all that negotiating, this is the result.
Looks like the McRib is back!
China holds all the cards. And all aces.
They don’t need the US, since the Orange has abandoned or pissed off all (ex)allies.
What is a minor inconvenience to China is devastating to the USA. As usual, the Cheeto of Squalor overplayed his hand.
The lesson history has taught is: while you might not lose in a fight against China, you absolutely will not win.
McRib summer!!!
China is in control right now. Trump should start begging.
Oof! So much winning.
Other countries will replace those exports, and they’re never coming back to the US.
This is what happens when you are a grade school bully diplomat. They know if they stand up and punch you in the nose you will back the fuck down.
A Chinese company also owns Smithfield. They’ll do ok on the US market
I suspect that a lot of the trade entered into by China with the US has been made not on the basis of trade itself but for strategic purposes.
China has targeted industries for imports not on the basis of it being the best price or due to a supply shortage from other exporting nations. The strong USD makes its exports costly to begin with and shipping across the Pacific adds to this cost.
Now that the US has declared a trade war on China it is now able to retaliate by cancelling orders and sourcing alternatives at a lower cost from economies with weaker currencies and in closer proximity.
Australia is now picking up the trade in newly cancelled US beef exports and LNG due to proximity and exchange rate. It , and other economies , can ramp up production of these and fill the gaps left by the US. China then benefits from lower priced imports.
Part of the insane demands on Australia is for it to buy American beef. Australia it is not only a beef exporting economy but also has restrictions on growth hormone tainted foods. Cancellation of US beef into China now means that Australia can take its place and increase its exports.
At the same time Australia has gone from a huge pre-tariff trade deficit with the USA to now having a trade surplus due to surging gold exports triggered by demand from nervous investors.
I doubt very much that the US will ever recover this trade even if tariffs are lifted. China will not enter into any trade discussions while tariffs are in place. If they are dropped then I suspect that any discussions with China will have it demanding a free trade agreement.
The US has snookered itself and this trade war was lost before it began.
Bacon prices will be coming down domestically and maga farmers will get fucked.
Win win.
Lol…so the US did not know China was their customer and tried to bully them? Your businessman President does not understand a simple transaction?
Yep. This is soooo bad. Tanking the economy with NO PLAN to fix it. Every Econ 101 student knows why tariffs don’t work. The Wharton school does an amazing job of showing how tariffs created and sustained the Great Depression. On top of this, the cost of firing 80,000 government workers as sue for wrongful termination is going to cost way more than DOGE allegedly saves. The WORST president ever. When will congress take back their power?? Do they have to let it all go to shit?
There is a story today that the Trump circle was taken by surprise at China’s reaction to the tariffs, thinking they were so dependent on US markets that they would quickly fold.
Unverified, but it fits with the incompetence of this administration.
I really hope the farmers who lose their livelihoods actually blame the entire Republican Party as they should and not just Trump.
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