Trade tensions with India and China put California almond growers at risk

Canada News News

Trade tensions with India and China put California almond growers at risk
Canada Latest News,Canada Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 64 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 82%

This month, India imposed tariffs on almonds and 27 other U.S. products, including apples and walnuts, in retaliation for the United States ending India’s preferential trade status.

Along large swaths of California’s lush central valley, almonds in their fuzzy hulls blow in the wind on thousands of acres of orchards. Thousands of miles away in India, customers browse the nut sections of busy street markets and grocery stores in search of the best almonds to use in curry dishes, health drinks, ice cream and many other recipes.

California supplies 82% of the world’s almonds and has almost 7,000 growers. The Almond Board of California estimates the industry generates about 104,000 jobs in the state, and the effect of the tariffs might ripple outward. India is such an important market that the almond board, whose members engage in market research and promotion overseas, has an office in New Delhi with a $6-million annual advertising budget.

The hit from China’s tariffs was much harder: That country imposed 50% tariffs on U.S. almonds in an escalating trade war. Exports to China decreased by about one-third, according to the almond board. To cope, growers may cut down on spending on equipment and fertilizer, perhaps making the choice to forgo replacing a tractor or other big-ticket item. If the Indian tariffs slow the flow of inventory, as happened after the Chinese tariffs, the capacity of storage facilities may be stretched.

Countries may also turn to other producers, such as Australia, whose free-trade agreement with China enables it to replace U.S. almonds that now carry tariffs.“It takes so long for us to build relationships to market our products,” said Sara Neagu-Reed, associate director of the California Farm Bureau Federation’s federal policy division.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. hopes to re-launch China trade talks, will not accept conditions on tariffsU.S. hopes to re-launch China trade talks, will not accept conditions on tariffsThe United States hopes to re-launch trade talks with China after President Dona...
Read more »

U.S. hopes to re-launch China trade talks, will not accept conditions on tariffsU.S. hopes to re-launch China trade talks, will not accept conditions on tariffsThe United States hopes to re-launch trade talks with China after President Dona...
Read more »

US Treasury yields higher amid hopes of a US-China trade truceUS Treasury yields higher amid hopes of a US-China trade truceU.S. government debt prices were lower Thursday morning, ahead of a crucial meeting between the United States and China.
Read more »

Kudlow: No preconditions are set for China trade meeting, may move ahead on additional tariffsKudlow: No preconditions are set for China trade meeting, may move ahead on additional tariffsWhite House economic advisor Larry Kudlow said that the U.S. is reserving the right to move forward to additional tariffs on Chinese goods.
Read more »

What to watch today: China trade and Boeing stock, and more 2020 Democrats debateWhat to watch today: China trade and Boeing stock, and more 2020 Democrats debateU.S. stock futures are under pressure this morning as Boeing shares sink on new safety concerns. Wall Street also focuses on U.S.-China trade tensions.
Read more »

If the Instant Pot Gets a Price Hike Soon, Blame the U.S.–China Trade WarIf the Instant Pot Gets a Price Hike Soon, Blame the U.S.–China Trade WarPlus, CBD-infused food and drink flourish despite technically still being illegal, and more food news to start your day
Read more »



Render Time: 2025-03-06 18:48:12