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Report on 12kT pork import cancellation by China from US is that it was already paid for and mid transit. (www.youtube.com)

submitted 1 day ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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Couldn't find bloomberg or Reuters source. Implication is harm to US producers by having oversupply situation, from both return of pork and no new orders.

Brazil and Spain exports to China surged, and look like a structural shift for US industry decline.

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[–] boreengreen@lemm.ee 5 points 1 day ago* (last edited 1 day ago)

China is the world’s biggest producer of pork and also the 3:rd largest importer of pork. Now they are no longer a customer of US based pork producers. Hmm.

If US industry was a classroom, trump would be a school shooter.