FIRST AIRED: July 17, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

×

Transcript

00:00:01
>> They're the parts of a pig most Americans won't eat, the feet, the cheeks and the liver. And they may be the most peculiar items affected by Trump's trade war. US shipments of pork by-products, known as offal, think also pig tongues and hearts, falling sharply in recent months.
00:00:20
The results of steep tariffs on US pork imports by China as diners there often enjoy its strong flavor. Stewed pig's feet and white beans being a particular favorite in the Szechuan province, one of China's culinary capitals. Reuters commodities correspondent, Tom Polansek.>> Pork companies like to try to sell every part of the pig.
00:00:42
They say they sell everything but the squeal. And so this removes the opportunity for them to make a bigger profit on these types of products. We don't often think about these innards of the pigs as being important in global trade. But China is the biggest market and so this trade war is really revealing how important it is to keep the trade flows going.
00:01:05
>> US based processors like Smithfield Food and Tyson, which enjoyed a record $1 billion in offal sales in 2017, are now forced to sell their pig heads and hearts domestically at a quarter of the price. Mostly as food for dogs and livestock. Overall, lower prices and fewer exports could translate into losses of $860 million for the nation's pork industry, according to the U.S. Meat Export Federation.
00:01:32
China is instead expected to purchase its pig parts from Europe, where hog prices are hovering near three year lows.