U.S. - China Tariff War Cripples Agriculture Exports As Industry Faces Major Setbacks

It’s the Ranch It Up Radio Show Herd It Here Weekly Report!  A 3-minute look at cattle markets, reports, news info, or anything that has to do with those of us who live at the end of dirt roads.  Join Jeff 'Tigger' Erhardt, the Boss Lady Rebecca Wanner aka 'BEC' by subscribing on your favorite podcasting app or on the Ranch It Up Radio Show YouTube Channel. EPISODE 78 DETAILS U.S.-China Tariff War Cripples Agricultural Exports as Industry Faces Major Setbacks Triple-Digit Tariffs Disrupt U.S. Beef, Poultry, and Pork Exports to China and Hong Kong Triple-digit tariff rates on goods traded between the United States and China have “effectively closed that market for U.S. exports,” according to a source quoted by Politico from the agriculture industry. Despite the sharp decline in imports, China still purchased $25 billion worth of U.S. food and agricultural products last year. “Making up for that around the world is going to be very challenging,” the source emphasized. The Trump administration recently imposed new tariffs of up to 145% on Chinese goods, compounding already substantial levies. In response, China retaliated with tariffs reaching 125% on U.S. exports. Since early March, U.S. beef exports to China have come to a near standstill following Beijing’s declaration that U.S. export licenses were no longer valid. Even before the full retaliation in early April, U.S. chicken exports to China dropped by 48% in February compared to the same month last year. In 2024, China and Hong Kong together accounted for $525 million in U.S. poultry meat and products (excluding eggs), ranking as the third-largest export market behind Mexico and Canada. Beef exports reached nearly $2 billion, just behind South Korea, while pork exports to the region surpassed $1.1 billion, trailing only Mexico and Japan. REFERENCE: https://www.meatingplace.com/Industry/News/Details/118821 Upcoming Bull & Heifer Sales On RanchChannel.Com Lots of bull and heifer sales coming up on the RanchChannel.Com sale calendar. Check out the full line up HERE.  SPONSORS Allied Genetic Resources https://alliedgeneticresources.com/ @AlliedGeneticResources American Gelbvieh Association https://gelbvieh.org/ @AmericanGelbvieh Axiota Animal Health https://axiota.com/ @AxiotaAnimalHealth Jorgensen Land & Cattle https://jorgensenfarms.com/ @JorLandCat Ranch Channel https://ranchchannel.com/ @RanchChannel   Questions & Concerns From The Field? Call or Text your questions, or comments to 707-RANCH20 or 707-726-2420 Or email [email protected] FOLLOW Facebook/Instagram: @RanchItUpShow SUBSCRIBE to the Ranch It Up YouTube Channel: @ranchitup Website: RanchItUpShow.com https://ranchitupshow.com/ The Ranch It Up Podcast is available on ALL podcasting apps. https://ranchitup.podbean.com/ Rural America is center-stage on this outfit. AND how is that? Because of Tigger & BEC... Live This Western Lifestyle. Tigger & BEC represent the Working Ranch world by providing the cowboys, cowgirls, beef cattle producers & successful farmers the knowledge and education needed to bring high-quality beef & meat to your table for dinner. Learn more about Jeff 'Tigger' Erhardt & Rebecca Wanner aka BEC here: TiggerandBEC.com https://tiggerandbec.com/ #RanchItUp #StayRanchy #TiggerApproved #tiggerandbec #rodeo #ranching #farming