Tariffs Are Having A Chilling Effect On More U.S. Businesses
From farmers to meat-storage facilities, to auto parts manufacturers, the impact of tariffs is spreading. And if trade tensions escalate more, industries warn it could get much worse.
To see what a trade fight can do to exports, what's happening with pork is pretty dramatic. Mary Lovely, an economist at Syracuse University, says that after two rounds of retaliatory tariffs by China, U.S. ham and various other pork products now face massive tariffs — between 62 and 70 percent.
"In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to
