Conagra, Silver Bay May Be Caught By China’s Latest Tariff Retaliation — Panjiva
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Conagra, Silver Bay May Be Caught By China’s Latest Tariff Retaliation

Ags - Meat/Dairy 250 China 2971 Consumer Staples 760 Tariffs 1794 U.S. 5317

China’s Ministry of Commerce will not provide tariff exemptions for imports of U.S. agricultural products, while “Chinese related” companies will suspend purchases. That’s just one part of the escalation in non-tariff measures in the deteriorating trade relations between the two countries. It raises the prospect that U.S. exports of food may be cut further, rather than recovering. Exports of agricultural and food products to China from the U.S. already fell 63.6% year over year in the 12 months to Jun. 30 to $5.90 billion. Major products – aside from soybeans – which could see a further ...

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