There is plenty of collateral damage in a tariff war because the one-upmanship spills over beyond the sectors named in the original complaint (steel for example), sweeping in producers like farmers for maximum political effect. The other dirty little secret in tariff wars is that they provide cover for governments to protect the producers of products facing normal market competition. That’s what might just be motivating our closest trading partners to put American whiskey on their lists for tariff retaliation.
In early April, China announced $3 billion worth of tariffs on 128 U.S. goods including fruit, wine, nuts – and the type of American ginseng grown in Marathon, Wisconsin. With a new 15 percent tariff on their ginseng, Wisconsin growers worry they will lose sales to Canadian producers who compete for the same customers in China.
Farmers markets are a great way to shop fresh and seasonal, but if you can’t get there, you can still find an increasingly impressive selection of tomatoes at your local grocery store. To meet year-round demand, the business of the heirloom tomato has grown global.
American craft breweries sold 482,309 barrels valued at $125.4 million to customers overseas in 2017. Over half of those exports went north to our good beer-drinking friends, the Canadians. Mexican brewers are the largest customer for American barley. If NAFTA negotiations don’t go well, we may all see the cost on our tab.
For many years now, the U.S. Government has implemented a sugar program that ensures sugar producers and refiners get a minimum price for American-grown sugar. It’s a hidden tax paid for by Peep-lovers everywhere.
If you’re a millennial like me, odds are your refrigerator and recycling bin are currently jammed full of colorful cans and bottles of sparkling water. But an ongoing trade dispute about beef could directly affecting the choice of sparkling water available on your grocery store shelves.
North America has a sweet relationship — we are each other’s largest trading partners in chocolate.
Before NAFTA went into effect, Americans ate around one pound of avocados per person each year. Today, 82 percent of the avocados we consume in the United States arrive here from Mexico.
Americans may be among the world’s most prodigious consumer of turkeys, but turkeys have become an increasingly popular holiday food in Mexico. Ninety percent of the turkeys at those Mexican fiestas will have come from American farms – in part thanks to NAFTA.
A whopping 20 percent of the nearly 400 million pounds of cranberries we consume per year are eaten during Thanksgiving week alone. It’s a logical growth strategy to share our love of cranberries with global eaters year-round, but without a trade agreement with our largest markets, we could lose out to growers from other countries.