To see what a trade fight can do to exports, all you need to do is look at pork.
American ham and other pork products now face massive tariffs — between 62 and 70 percent – after two rounds of retaliatory tariffs by China. It’s led to almost a standstill in pork exports to China.
“In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to China,” says Mary Lovely, an economist at Syracuse University. “So our exports to the country have pretty much collapsed.”
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