Cherry-Picking Trade Losers - News Summed Up

Cherry-Picking Trade Losers


China is waging a food fight in response to President Trump’s trade protectionism, raising tariffs on American cherries and other fruit. Growers in the Pacific Northwest have taken a particular hit, losing up to $86 million on sweet cherries this summer, the Northwest Horticultural Council estimated last week. A growing Chinese upper-middle class has developed a taste for sweet cherries, and the Pacific Northwest grows more than any other U.S. region. In 2017 China bought about three million boxes, or 12% of the region’s total...


Source: Wall Street Journal August 29, 2018 23:26 UTC



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