China pork and farm shares jump on trade threats

China pork and farm shares jump on trade threatsChinese pork and agriculture shares escaped the market downdraft from US-China trade tensions on Friday, rising sharply on anticipation that potential new barriers on American imports could fatten up the sales of domestic producers. China, the world’s largest pork producer, consumer and importer, on Friday released a hit list of US goods that could face duties of up to 25 percent, notably pork, fresh fruit and wine. The threatened measures are in retaliation for US President Donald Trump’s signing of a new trade order that could impose duties as high as 25 percent on Chinese goods.

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