- Tariffs and protectionist policies are causing market volatility and diplomatic friction in the U.S.-China relationship.
- Trump's tariff policies are affecting domestic manufacturers like Deere & Company due to the economic battle with China.
- Tariffs imposed by Trump's trade policies affected meatpackers, leading to resumed U.S. exports to China.
Smithfield Foods is actively working to mitigate the impact of tariffs by exploring and utilizing alternative international markets.
1 report, 1 independent
Updated Aug 12
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What happened
Smithfield Foods is actively working to mitigate the impact of tariffs by exploring and utilizing alternative international markets.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Smithfield Foods
American meat processing company
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China
Related events
- China restricts fertilizer exports globally while the Trump administration seeks to lower food costs amid retailer price competition.
- Smaller Chinese appetite has led to a reduction in import demand.
- China imposed a 55 per cent tariff on Australian exports, impacting the beef market.
- China has placed a levy against Canada's canola exports, amidst broader trade policy uncertainties and challenges in the Canadian housing market.
Coverage
Newest first; wire copies grouped- BloombergSmithfield Lifts Full-Year Outlook as Hog Unit Returns to Profit (Bloomberg) -- Smithfield Foods Inc., the largest pork supplier in the US, raised its full-year profit expectations as a rebound in it