Author Topic: Trump put a tariff on Chinese steel. Now North Carolina pig farmers could feel pain  (Read 425 times)

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Offline AbaraXas

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The latest battleground in the looming U.S.-China trade war: Frozen pig parts from North Carolina.
When China announced a 25 percent tariff on U.S. pork products in retaliation to President Donald Trump’s 25 percent tariff on imported steel and 10 percent tariff on aluminum, the state's pork industry shuddered.

Read more here: http://www.mcclatchydc.com/news/politics-government/article210364339.html#storylink=cpy



Offline driftdiver

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Which means pork prices in the us should fall. 
Fools mock, tongues wag, babies cry and goats bleat.

Offline dfwgator

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Could?

Like monkeys COULD fly out of my butt?

Offline dfwgator

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Which means pork prices in the us should fall.


"I have a hunch something very exciting is going to happen in the pork belly market this morning."

Offline TomSea

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Some local farmers here are for the Cuba deal, a Republican Rep here, backs them up. That's fine but I'm still not going to be for the Cuban deal.... even if it hurts some local farmers, I'm sorry about that.
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Offline skeeter

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Gosh this is complicated. Whats the steelworker-to-pig farmer ratio?

Offline AbaraXas

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Gosh this is complicated. Whats the steelworker-to-pig farmer ratio?

While I couldn't find exact for pork, the general numbers are:

About 860K people signed up w/ the Steel Workers Union. (it doesn't list how many are active members versus retired).
https://en.wikipedia.org/wiki/United_Steelworkers



There are 6.2 million people employed in the US meat industry or ancillary jobs, almost 500K directly involved in the meat packing industry.
https://www.meatinstitute.org/index.php?ht=d/sp/i/47465/pid/47465


BUT, the should the Fed Gov be playing these games in the first place?  Should they be playing chess with the economy? .. if we move this pawn over here is which pieces can I pick up over there....

Offline Oceander

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Which means pork prices in the us should fall. 

No.  It just as easily means that a certain number of pork farmers go out of business because they can no longer survive, and prices stay the same, or increase. 


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