I wondered about this:
China's move this week to slap tariffs on $3 billion worth of US imports, including pork products, is a blow to Virginia-based Smithfield Foods, the world's biggest pork producer.
Smithfield was bought in 2013 by China's WH Group for around $5 billion in what at the time was the biggest ever foreign takeover of a US company.
…
Valerie Law, an independent analyst in Singapore who follows the WH Group's stock, said the Chinese tariffs could reduce the company's operating profits by 12% to 18%.
So, China’s imposing tariffs on the import of pork products from the U.S. will primarily hurt… China? Do I have this right?
Leaders on both sides of the world are incompetent — at poo-flinging…?