World trade with chicken can be complex, especially when tariffs come into play. Let's break it down:

Chicken Trade Dynamics

- *Tariffs*: A tax on imported chicken products, aiming to restrict imports or raise revenue. For example, the US imposed 145% tariffs on Chinese chicken imports, while China retaliated with 125% tariffs on US chicken products.

- *Trade Wars*: Ongoing trade tensions between countries like the US, China, Canada, and Mexico have led to retaliatory tariffs. Canada, for instance, imposed 25% tariffs on $30 billion worth of US goods.

- *Global Trade Agreements*: The World Trade Organization (WTO) regulates international trade, including chicken products. Canada's tariff rate quota (TRQ) for chicken and chicken products is administered under the WTO.

Key Players and Trade Agreements

- *US-China Trade War*: Both countries have imposed tariffs on each other's chicken imports, affecting global trade.

- *Canada-US Trade*: Canada has imposed tariffs on US chicken imports in response to US tariffs on Canadian goods.

- *European Union*: The EU has its own tariff system for chicken imports, with specific codes and regulations ¹ ² ³.

Impact on Trade

- *Price Increase*: Tariffs can lead to higher prices for consumers and reduced demand.

- *Market Shifts*: Tariffs can alter global supply chains and trade dynamics.

- *Economic Consequences*: Trade wars can have far-reaching economic implications, affecting industries beyond chicken trade ⁴.