China, the world's biggest pork consumer, is no longer a viable market for top U.S. pork processor Smithfield Foods due to retaliatory tariffs by Beijing, company executives said on Tuesday.
Tag Archives Global trade
Smithfield Foods says tariffs make China unviable market for its US pork
China denies Trump’s claim of trade talks between the battling nations
China has exempted some U.S.-made pharaceuticals, chemicals from tariffs say business groups
China refutes Donald Trump's claims that it is in trade talks with the U.S. China has waived tariffs on some U.S.-made pharmaceuticals, chemicals and other goods say business groups.
Packaged food giant PepsiCo cuts profit forecast as tariffs set to drive up costs
Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’
Packaged food giant PepsiCo has cut its annual profit forecast as tariffs are set to drive up production costs and demand remains uncertain. Nestle says it has beaten its first quarter sales growth expectations and tariff effects are unclear.
US signals willingness to de-escalate trade war with China
Soybean futures jump on hopes of lower trade barriers
U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.
China says it will ignore US ‘tariff numbers game’
China will pay no attention if the United States continues to play the “tariff numbers game”, China’s foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245 per cent due to its retaliatory actions.
IGC raises world corn crop forecast, trims wheat
The International Grains Council (IGC) has raised its forecast for 2025/26 global corn production, driven by an improved outlook in sub-Saharan Africa and the United States.
China Q1 pork output rises 1.2 per cent year-over-year, oversupply pressures persist
China's pork output rose 1.2 per cent in the first quarter of 2025 from a year earlier to 16.02 million metric tons, helped by a rise in breeding sows last year, pre-holiday slaughter and heavier hog weights.
Next government must help Canadian pork sector through Chinese tariffs says meat council
Council says government should avoid scenarios that make sectors like agriculture collateral damage
Federal parties must recognize the losses Canada’s pork sector will face from Chinese tariffs, says Chris White, president and CEO of the Canadian Meat Council (CMC).
China, Vietnam support multilateral trade regime amid U.S. tariff pressure
China and Vietnam expressed their support for maintaining a multilateral trade regime centered around the World Trade Organization in a joint statement issued on Tuesday at the end of a two-day visit by Chinese President Xi Jinping.
What are the thorny farm issues in India-US trade negotiations?
India and the United States have finalized the terms of reference for the first phase of a bilateral trade agreement to be concluded late this year, with a view to reaching bilateral trade worth $500 billion by 2030.
Cyber-Savvy Farmer
