WASHINGTON, D.C., – The Trump administration announced a trade relief package in response to the U.S. trade dispute with China. USDA’s trade retaliation relief program includes direct payments to qualifying pork producers, pork surplus purchases for the benefit of low-income families and others in need, and additional funding to develop new export opportunities. The amount of farmer payments and commodity purchases will be announced at a later date.
“We thank President Trump for recognizing that our patriot farmers have borne the brunt of China’s trade retaliation,” said David Herring, a pork producer from Lillington, N.C., and president of the National Pork Producers Council (NPPC). “The U.S. pork industry has been one of the most adversely affected sectors, receiving a one-two punch in the form of a 50 percent punitive tariff from China on top of the existing 12 percent duty and, until recently, a 20 percent punitive tariff from Mexico. This trade aid will help repair some of the damage inflicted upon U.S. pork producers.”
“The current situation in China represents a historic sales opportunity for U.S. pork,” Herring added. “The world’s largest pork-consuming nation is currently experiencing a dramatic reduction in domestic supply because of an animal disease that has ravaged its national swine herd. We look forward to continued work with the administration to restore favorable access to China, allowing U.S. pork producers to capitalize on this opportunity, reduce our trade deficit with China and deliver enormous benefits to the U.S. economy.”
In addition to resolution with the China trade dispute, NPPC urges Congress to quickly ratify the U.S.-Mexico-Canada (USMCA) trade agreement, which preserves zero-tariff access to markets that represent more than 30 percent of total U.S. pork exports.Source : NPPC