The U.S. will temporarily reduce tariffs on Chinese imports, with China agreeing to reduce retaliatory duties.
On May 12, trade officials from the United States and China announced that the U.S. will, for a period of 90 days, reduce tariffs on Chinese imports from 145% to 30%, with China agreeing to reduce retaliatory duties from 125% to 10%.
According to the U.S. Meat Export Federation (USMEF), although this is a temporary measure, it could represent a first step toward restoring access for U.S. pork and beef to the Chinese market.
May 12, 2025/ USMEF/ United States.
https://www.usmef.org
U.S. reaches deal with China on economic and trade relations.
Canada is strengthening its AgriStability program in response to China's tariffs on Canadian agricultural and food products.
China will impose additional tariffs on Canadian rapeseed oil, oil cake, peas, aquatic products, and pork.
This comes after the U.S. imposition of an additional 10% tariff on products imported from China.
The EU proposes tariffs on Russian fertilizers to reduce dependence and protect European industry from the risk of market destabilization.
Should the U.S. continue to apply tariffs on Canada, the government intends to impose additional countermeasures that could affect pork.
The tariff exclusion process introduced by the State Council Tariff Commission (SCTC) in March 2020 remains in effect.
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