Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs [Reuters]
Tyson Foods, Inc. (TSN)
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Source: Reuters
Double whammy: U.S. pork, fruit producers brace for second wave of Chinese tariffs | Reuters 5 Min Read BEIJING/CHICAGO (Reuters) - U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 percent duty on most U.S. pork items on April 2, and a 15 percent tariff on a range of fruits and nuts, in response to U.S. tariffs on Chinese steel and aluminum products. Last week it included both categories in a second round of tariffs to be imposed on July 6. No other products have been listed twice. Pork now faces cumulative import duties of 71 percent, not including value added tax, according to a formula published on the website of China’s finance ministry last week. Cumulative duties on fruit amount to 50 percent. “The additional tariff will put us out of business,” said Zhong Zheng, f
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TSN
Earnings
- 2/5/24 - Beat
TSN
Sec Filings
- 3/8/24 - Form 8-K
- 3/1/24 - Form 8-K
- 3/1/24 - Form 424B5
- TSN's page on the SEC website