US ports brace for possible impact of trade war
Barge operators that haul bulk targeted by China and railroads could be affected, too. China slapped a 25 percent tariff on American pork along with a new 15 percent duty on other kinds of agricultural products, including fresh fruit, almonds, dried fruit and wine. China has also threatened new duties for soybeans, cotton, wheat, corn, sorghum and beef.
Cnbc.com reports that overall, U.S. agricultural exports to China represent almost $20 billion annually for American farmers. Last week, the Chinese announced retaliatory tariffs of up to 25 percent on 106 American goods, including soybeans. It came on the heels of the Trump administration proposing duties on more than 1,300 imported products in China's machinery, electronics, aerospace and robotics sectors.
