Reading Time: 2 minutes China's used cooking oil exports to the United States, its largest buyer, are set to plunge in coming months due to steep tariffs, forcing sellers to divert shipments to Europe and elsewhere, industry players said.
Tag Archives tariffs
China pivots to Europe for used cooking oil exports as tariffs hit shipments to US
Smithfield Foods says tariffs make China unviable market for its US pork
Reading Time: 2 minutes China, the world's biggest pork consumer, is no longer a viable market for top U.S. pork processor Smithfield Foods due to retaliatory tariffs by Beijing, company executives said on Tuesday.
China denies Trump’s claim of trade talks between the battling nations
China has exempted some U.S.-made pharaceuticals, chemicals from tariffs say business groups
Reading Time: 2 minutes China refutes Donald Trump's claims that it is in trade talks with the U.S. China has waived tariffs on some U.S.-made pharmaceuticals, chemicals and other goods say business groups.
Chinese tariffs could mess with U.S. soybean plans
The fate of canola prices hangs in the balance as American growers decide how to react to 125 per cent tariffs imposed by China
Reading Time: 3 minutes Soybeans could be headed for a wild ride this growing season, says an analyst. Rich Nelson, chief strategist at Allendale Inc., said the outlook ranges from “terribly bearish” to mildly bullish depending on tariffs and weather
Packaged food giant PepsiCo cuts profit forecast as tariffs set to drive up costs
Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’
Reading Time: 3 minutes Packaged food giant PepsiCo has cut its annual profit forecast as tariffs are set to drive up production costs and demand remains uncertain. Nestle says it has beaten its first quarter sales growth expectations and tariff effects are unclear.
Government support for electric vehicle sector threatens agriculture says federation
Reading Time: 2 minutes The Canadian Federation of Independent Business is asking the federal government to re-assess its subsidies for electric vehicles and battery manufacturing in Canada.
CBOT Weekly: Planting pace outweighs Trump comments
Reading Time: 2 minutes Rapid planting paces for major U.S. crops outweighed President Donald Trump's comments on trade with China at the Chicago Board of Trade during the week ended April 23.
US signals willingness to de-escalate trade war with China
Soybean futures jump on hopes of lower trade barriers
Reading Time: 2 minutes U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.
US beef off the menu as the trade war hits Beijing’s American-style restaurants
US beef exports to China worth $125 million a month at risk
Reading Time: 2 minutes Beijing | Reuters – At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef – once the star ingredient – will soon be off the table. Home Plate’s beef, previously sourced entirely from the U.S., is increasingly Australian. The restaurant uses about 7 to 8 […] Read more
Who is likely to win a trade war between the U.S, China?
Some analysts think it’s a war China cannot afford to fight, while others believe the country is in better postion than last time
Reading Time: 3 minutes China's slumping economy might not be able to withstand a prolonged trade war with the United States, according to an analyst.