Originally Posted by
Balance
Word from the field is that China importers have been cancelling or stopping orders from US for beef, dairy and other agri produce as they are going to cost 25% more from the tit for tat tariffs.
Meanwhile, the same China importers are swamping NZ producers with orders and they have already seen a modest price rise.
US is going to have to consume the beef, dairy produce or agri produce themselves or sell to other countries - but where? EU will be retaliating too! India and other Asian countries are simply not in the same league as China in import volumes.