China’s recent cancellation of 12,000 metric tons of US pork shipments highlights a significant escalation in the ongoing trade dispute between the two superpowers. This represents a substantial blow to American pork producers, as China was the third-largest market for US pork in 2024, importing a considerable volume valued at over $1.1 billion. The cancellation underscores the growing tensions and the potential far-reaching consequences of the trade war.
The sheer volume of the cancelled order – 12,000 metric tons, equivalent to over 26 million pounds of pork – is striking. This isn’t a minor adjustment; it’s a deliberate action with significant economic implications for US farmers and the broader agricultural sector.… Continue reading
Escalating US-China trade tensions, marked by President Trump’s threat of a 50% tariff increase on Chinese goods, have prompted a strong rebuke from China. In response, China is considering a ban on US film imports, a move that would severely impact Hollywood studios heavily reliant on the lucrative Chinese box office. This potential ban could lead to substantial revenue losses for American film producers, forcing strategic shifts in distribution and potentially fostering increased collaboration with Chinese companies. The outcome will significantly impact the American film industry’s global strategy.
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In response to US tariffs, the EU initially mirrored American actions with equivalent levies. However, facing further threats targeting both tariffs and non-tariff barriers, the EU now plans a stronger counter-response. This strategy leverages the EU’s economic power, including its large market size and influence across various sectors. Potential targets for retaliatory measures include major US financial institutions and tech companies. The EU intends to employ a broader range of countermeasures beyond simple tariff matching.
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In retaliation for new US tariffs, China implemented its own 10-15% import taxes on various US goods, including coal, LNG, crude oil, agricultural machinery, and vehicles, effective February 10th. Simultaneously, China initiated an anti-monopoly investigation into Google and added PVH Corp to its “unreliable entity” list, alongside imposing export controls on 25 rare earth metals. These actions follow President Trump’s announcement of planned reciprocal tariffs on other nations, aiming for fairer trade practices and potentially addressing US budget concerns. The escalating trade war between the US and China continues to unfold amidst threats of further tariffs against additional countries.
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The US imposed 10% tariffs on Chinese goods, prompting immediate retaliation from China, including tariffs on US goods like oil and farm equipment, and export controls on critical minerals. China also initiated an antitrust investigation into Google and added US companies PVH and Illumina to its unreliable entity list. These actions follow earlier US threats of tariffs against Mexico and Canada, which were temporarily delayed after negotiations. The global economic impact remains uncertain, with mixed reactions in financial markets.
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Matt Underwood 
John Q. Hosedrinker