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News

California: New tariffs from China pressure farm exports

18/10/2018 - François-Xavier Branthôme - Architecture of Trade
In the escalating trade conflict between the U.S. and China, more California agricultural products now face new retaliatory tariffs in one of their export markets.
 
On Monday 24 September, China implemented a new round of tariffs on USD 60 billion worth of U.S. goods, including a wide range of foods and agricultural products. The tariffs came in response to new U.S. duties on USD 200 billion in Chinese imports.

The new Chinese tariff rates are 5 percent and 10 percent, and target farm products such as wine, cotton, cut flowers and other nursery products, frozen fruit and vegetables, honey, olive oil, canned peaches, fruit juices, wood and other forestry products, and various processing-tomato products including ketchup, paste and sauces.

Some products are new to the growing list being hit with retaliatory tariffs, whereas others such as wine are incurring multiple hits with this current round.

Source: California Farm Bureau Federation, agalert.com
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