Reports coming out of China claim the China Communist Party (CCP) is planning at least six (6) Retaliatory measures against US Tariffs.
1) Retaliatory Tariff increases on U.S. Agricultural Products including Soybeans and Sorghum.
2) Banning import of U.S. Poultry into China
3) Suspending Sino-U.S. cooperation on Fentanyl-related issues
4) Countermeasures in the Service related Sector
5) Banning the import of US Films into China
6) Investigating the Intellectual Property Benefits of US Companies operating in China
With respect to item #2, importation of Poultry, this is big. MANY U.S. Chicken suppliers like Tyson and Perdue, have been sending shiploads of whole chickens to China, to be butchered, packaged, and shipped back to the USA for sale.
The old processing factories that used to perform that work here in the US are likely long gone.
If China bans the…
