China ups pork tariffs again

China has informed that as of January 1, 2022 its tariffs, including those for pork, will go back to their previous rate of 12% for most-favored nations. Last year tariffs had been temporarily reduced to 8%. According to China's Ministry of Finance, the change is due to domestic industrial development and changes in supply and demand.

The U.S. continues to face an import tariff rate of 25% due to trade conflicts.