Quarterly update: Confusion reigns in pig markets

Trade wars, tariffs, and retaliation are words that have been given a lot of media exposure in recent weeks. Pig market expert John Strak feels he needs to deal with these events in his 2nd quarterly report on global markets. To recap and update: On 1 March, US tariffs on steel and aluminium imports were announced. On 23 March, the new tariffs came into effect. On 2 April, China announced retaliatory tariffs levied on more than 120 US products. US pork was singled out for 25% tariffs (along wit