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

6 comments fedilink hide all child comments

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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[–] boreengreen@lemm.ee 5 points 6 hours ago* (last edited 6 hours ago)

China is the world’s biggest producer of pork and also the 3:rd largest importer of pork. Now they are no longer a customer of US based pork producers. Hmm.

If US industry was a classroom, trump would be a school shooter.

[–] thunderfist@lemmy.world 4 points 9 hours ago (2 children)

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

[–] humanspiral@lemmy.ca 2 points 8 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 8 hours ago

Sounds like Spain is going to enjoy some pork.

[–] icerunner_origin@startrek.website 3 points 8 hours ago (1 children)

I misread this as a 12kT pork impact and was wondering how the pigs got into space.

[–] OrteilGenou@lemmy.world 2 points 8 hours ago

Easy