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Report on 12kT pork import cancellation by China from US is that it was already paid for and mid transit. (www.youtube.com)

submitted 19 hours ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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Couldn't find bloomberg or Reuters source. Implication is harm to US producers by having oversupply situation, from both return of pork and no new orders.

Brazil and Spain exports to China surged, and look like a structural shift for US industry decline.

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[–] thunderfist@lemmy.world 4 points 19 hours ago (2 children)

Here you go: The Hill: China cancels 12,000 metric tons of US pork shipments

[–] humanspiral@lemmy.ca 2 points 17 hours ago

missed the point that it was prepaid and in transit. Which has a more interesting FU aspect to it, rather than the more obvious no more orders if 175% tariffs are added.

[–] JoMiran@lemmy.ml 1 points 18 hours ago

Sounds like Spain is going to enjoy some pork.