China has announced it will levy heavy anti-dumping duties on U.S. chicken products, according to Reuters. Beijing announced Friday that it claims its local producers have been hurt by U.S. products sold at unfairly low prices.
The move follows Russia's announcement this week that they would ban U.S. poultry imports due to chlorine treatments. The moves could pressure U.S. retail pork prices due to the additional poultry production that may remain on the U.S. market.
According to Meatingplace.com, China's Commerce Ministry said the duties will range from 43.1 percent to 105.4 percent. The tariffs follow the conclusion of an unfair trade practices investigation China launched against the United States in September.
Tensions between China and the United States have escalated due to reports that President Obama is set to meet in Washington with Tibetan religious leader, the Dalai Lama.
President Obama this week vowed to "get much tougher" with China on trade rules to ensure U.S. goods do not face a competitive disadvantage, according to Reuters.
Source: Reuters, Meatingplace.com