As Trump Settles Scores With China, American Farmers Pick Up Tab | Rabobank

As Trump Settles Scores With China, American Farmers Pick Up Tab

October 4, 2018

Chinese tariffs on American fruit and nut imports will hurt cherry and grape shipments the most, said Senior Analysts David Magana and Roland Fumasi in a report cited by Bloomberg. The U.S. exports about $13 billion of fruit and tree nuts annually, 15 percent of which goes to China and Hong Kong, they wrote. U.S. exports of cherries and grapes were projected to fall more than 20 percent as a result of the new tariffs.