Smithfield Foods Resumes China Exports Following Tariff Pause, Ups Expected 2025 Profit

ANOTHER 90-DAY PAUSE ORDERED ON CHINA TARIFFS - MR Magazine

The current tariff rates appear to be in place long enough for holiday stock to get to US ports. The post ANOTHER 90-DAY PAUSE ORDERED ON CHINA TARIFFS appeared first on MR Magazine.

Smithfield Foods resumes China exports following tariff pause, ups expected 2025 profit

Smithfield Foods resumed exports to China following President Donald Trump’s agreement to suspend triple-digit tariff rates that had made the market nonviable, CEO Shane Smith said during an Aug. 12 conference call with shareholders to discuss the company’s second-quarter financials. Smith said Foods is also revising upward by $50 million its expected year-end operating profit, now estimated between $1.15 billion and $1.35 billion, which Smith a…