Canada’s
pork industry could be side-swiped by the U.S. trade war because
China has imposed a 25 per cent tariff on U.S. pork.
The
U.S. has been exporting $1.7 billion worth of pork per year to
China, it’s third-largest pork export market.
If
the U.S. wants to retain the Chinese market it will have to cut
prices and that would impact the Canadian market.
China
also imposed tariffs on U.S. fruits and nuts and other items worth
about $3 billion, far short of the much bigger impact the U.S.
tariffs on steel and aluminum are having on China.
Now
the world awaits the reaction of U.S. President Donald Trump who, if
he hits China again, is likely to trigger a much bigger Chinese
response.
Trump
also threatened on the Easter weekend to leave NAFTA.
