Posted by farmallsandcoops on April 17, 2018 at 13:11:15 from (174.217.43.129):
In Reply to: Tariff Question posted by John in La on April 17, 2018 at 00:02:02:
Here is what happened. The US said it would impose duties on imports of steel and aluminum. When the US announced its intention to put the duties in place, China announced a list of $3 billion in potential US products that could be hit with import duties as a response -- $2 billion in US ag products, of which $1.1 billion was pork. The US duties on steel and aluminum went in place and China did put their duties in place. SO, there ARE duties in place, including on US pork. And, no Smithfield is not exempt from the duties. Even Smithfield officials say they are not.
The US has also announced its intention to impose duties on $50 billion more in Chinese exports to the US. China in turn announced a list of US products, including soybeans, that COULD be hit with duties. Neither the US threatened duties nor the Chinese threatened duties are in place. The US duties most likely would not happen until late May as there is a process that has to be gone through. Just the facts.
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