China's Hitting the U.S. Where It Hurts: In the Pork Belly
- WH Group shares slump; other pork-related equities advance
- China’s large-scale pig farms have been expanding capacity
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China struck back at U.S. import tariffs with its own set of reciprocal ones targeting, among other products, pork.
The world’s biggest pork producer, consumer and importer is planning a 25 percent tax on U.S. pork imports, the Ministry of Commerce said in a statement on Friday. The tariffs would be in addition to current duties.