How Tariffs and a Trade War with China Could Affect CA Farmers
Wall Street breathed a sigh of relief Wednesday when President Trump backtracked and announced a 90-day pause on the sweeping tariffs he unveiled last week, dropping the duty rate to 10% for most countries. But it’s little reprieve for California farmers who export crops like almonds and pistachios to China. Trump has raised the taxes on imports from China to 125%, and further retaliatory tariffs from China are expected to follow. The California almond industry alone lost nearly $900 million from the trade war with China in Trump’s first term. We’ll check in with farmers and an economist on…
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