In the face of the trade war, China fought back against the United States, and pork, corn and soybeans began to fight back one after another

the background since April, due to the volatility of the United States, the Sino-US trade war intensified, the relevant markets after a sharp shock gradually become rational On June 15, , the United States again announced high tariffs on $50 billion in Chinese imports, and a trade war resumed After the Dragon Boat Festival, China announced that it would impose a 25% tariff on a variety of U.S agricultural products, including corn, soybeans, sorghum and barley food import regulations strengthened
because China has stepped up supervision of food imports, many U.S agricultural products do not meet China's import standards, a large number of agricultural products were returned to the United States American farmers suffered heavy losses, and large quantities of agricultural products were forced to hoard at home, causing serious de-selling in January 2018 alone, the amount of agricultural orders cancelled in the United States was worth $
40 million soybeans fight back: Import tariffs on soybeans in Asia-Pacific countries have been reduced to zero China's State Council announced on June 19 that it would cut import tariffs on soybeans in some Asia-Pacific countries and published a list of other tariff reductions China will reduce the tariff rate on soybean imports in India, South Korea, Bangladesh, Laos and Sri Lanka from 3% to zero from July 1 The list also includes chemicals, agricultural products, medical supplies, clothing, steel and aluminum products, which have been reduced at varying degrees of tariff rates China also imports soybeans from countries such as Brazil and Russia in an effort to increase the source of soybean imports Corn fightback: a large number of cancellation of U.S corn import orders
the current domestic corn supply mainly rely on the stock auction By the end of June, corn, which had been traded but had not yet been issued, was still 30 million tons , and the corn market was in full supply China's corn import quota system, the tariff import quota of 7.2 million tons Since 2016, Ukraine's corn imports account for more than 80% of China's total corn imports, and the U.S corn imports and imports have declined significantly Import tariffs on U.S agricultural products will significantly reduce imports of U.S corn and increase imports of corn from other countries Until the trade war, China was the biggest exporter of U.S corn, consuming nearly a quarter of U.S corn In 2017 alone, we imported 2.83 million tons of corn, which means that if we reduce U.S corn imports, the U.S will have 700,000 tons of corn that can't be sold to China, and we're facing a shortage of sales this is not the first time China large-scale cancellation of U.S corn import orders, but the United States still die unrepentant, do not find their own reasons, but also want to continue to murky water fish, confused clearance, there is no such cheap thing In 2013, we returned millions of tons of genetically modified corn to the United States, and when we inspected corn imports from the United States, customs surveillance checked that the corn was also contained in China's unapproved MIRI62 genetically modified ingredients, which were ordered returned by China Our country has repeatedly reiterated that imported corn cannot contain these genetically modified ingredients, but the United States pretends not to hear and is bent on doing so For the same reason, another 1.124 million tons of genetically modified corn were returned in 2014 pork counter-attack: 88 percent of the total tariff on U.S pork imports China imposed a 25 percent tariff on most U.S pork products on April 2, as well as a 15 percent tariff on many fruits and nuts, in response to U.S tariff strain on Chinese steel and aluminum products last week, the Chinese government added U.S pork and fruit products to the second round of tariffs that will take effect on July 6, and no other U.S products have been tariffed twice in a row information released on the official website of China's Ministry of Finance this week shows that pork is currently facing a cumulative import tariff of 71% , which does not include value-added tax, and the cumulative import tariff on fruit has reached 50% , according to one industry expert, if 10% vat is added, China's total tariff on U.S pork next month will be 88 percent Profit margins for some of the largest U.S pork processors are at their lowest level in three years, amid rising pig prices and growing concerns about trade disputes between the U.S and China and the U.S and Mexico To make matters worse, most people in the industry don't know exactly how to calculate the new tariffs, so much so that people don't know how to prepare for the tariff shock 50 billion plus 200 billion plus 200 billion, from tariffs, to intellectual property protection, to China's manufacturing 2025 .. The U.S has stepped up its efforts and stepped up, which is also an unprecedented challenge for China on economic and trade issues However, we have been looking for other ways to solve the challenges, as the livestock industry, the most critical is the rise in soybean meal prices, China on the one hand in expanding the cultivation of soybeans, and second, has reduced the import tariff on multinational soybeans to zero, and we will also look for more alternatives to soybean meal, certainly can solve this problem! .