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A cattle farmers’ association in the US, Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA), has confirmed that it has sent a detailed report to President Donald Trump requesting “a full investigation and strict antitrust enforcement action in the wake of the unfolding corruption charges against JBS”.
China is to allow imports of US beef. The announcement has come as part of a new US-China economic cooperation agreement that resulted from meetings between Presidents Donald Trump and Xi Jinping in Florida in April.
Assessing the earnings impact of OEM companies assuming they need to shoulder a part of the potential US border tax. In our coverage, we found that Stella, Yue Yuen, Li & Fung and Makalot could be the most sensitive to the tax adjustment.
Now that the new US administration is up and running there is still a worrying scenario of a looming trade dispute or even a trade war between China and the US.
The latest in Trump’s trade tactics is a 20 percent tax on imports from Mexico—essentially over the border wall. President Trump is committed to building a wall along the border between Mexico and the United States and has ensured that Mexico will pay for it one way or another.
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