Tariffs on fruit products could lead to knockon e

center_img Chinese cherry production, imports to rise in 2019 … U.S. President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs, in another escalation of the trade war. In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 billion in goods imported last year from China, the New York Times reported.The U.S. Government put a 15% tariff on US$34 billion of Chinese goods in mid-June, to which China retaliated with duties of its own, hitting U.S. imports of fruit including cherries, citrus and apples.On July 10 the U.S. announced a second possible round targeting US$200 billion worth of goods. Beijing vowed “firm and forceful measures” in response.Richard Owen from the Produce Marketing Association (PMA) earlier told Fresh Fruit Portal he believed the tariffs on U.S. fruit products would have a greater effect on apples and citrus – for which there is greater competition – than for higher value products like cherries, which could more easily absorb the increase. U.S. announces $16B trade war relief package …last_img

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