China is top producer of pork and also the leading consumer of pork. Can China produce enough pork to self-sustain its pork demand? Yes. Last year, China produced 97% of the pork consumed in the country while 1% was sourced from the United States.
Despite the fact other pork-producing countries can certainly makeup the gap, a 25% tariff on U.S. pork is going to have an impact in the pork trade boxing match. Only time will tell if it is going to be positive or negative. Here are five things to consider.