Nine countries and the EU have urged China to scale back new food inspection rules due to apply from October. These could yield significant bureaucratic costs. Panjiva analysis of over 480 Chinese food import lines shows the most exposed are soybeans from the U.S. and Argentina ($18.6 billion), infant formula and pork from the EU ($2.4 billion and $2.8 billion respectively) and barley from Australia ($1.1 billion). Food exports from the U.S. and China are particularly sensitive right now given ongoing trade improvement negotiations are ongoing.
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