Thursday, December 16, 2021

China to up pork tariffs

China is going to increase tariffs on most pork products on Jan. 1, reports Reuters news agency.

Its domestic pork production is increasing so it wants to preserve its market for its own pork producers and processors. 


A tariff increase from eight to 12 per cent will impact Ontario and Quebec where Conestoga Meat Packers and Olymel have developed large markets in China. They were suspended for a while last year, but resumed in the fall.


China has a 25 per cent tariff on pork from the United States, part of the after-effects of former U.S. president Donald Trump’s tariff battles with China.