Wisconsin ginseng growers worry about new Chinese tariffs
Source: milwaukee journal
Laura Schulte, USA TODAY NETWORK-Wisconsin Published 3:16 p.m. CT April 2, 2018 | Updated 3:53 p.m. CT April 2, 2018
WAUSAU - Ginseng growers in Wisconsin are worried about the future of their business after a tariff went into effect overnight in China.
The tariff places an extra 15 percent charge on top of the price of American ginseng in China, in response to the Trump administration's newly imposed tariffs on steel and aluminum entering the U.S.
...........................China is the largest consumer of American ginseng.
...................Wisconsin is home to 95 percent of the American production of the plant.
The American root is regarded as the best ginseng in the world, Kaldunski said. Recently, ginseng has been proposed as the Wisconsin state herb and was even a part of the Foxconn development proposal, which would boost local growers by distributing the root more widely, and in different forms.
.......................
"Wisconsin ginseng is already demanding a higher market price," he said. "Another 15 percent and the consumer will shy away."
.............................
"Wisconsin has a very agricultural economy," he said. "Overall, yes, these tariffs are going to have an effect on our economy."
Read more: https://www.jsonline.com/story/news/2018/04/02/wisconsin-ginseng-growers-worry-new-chinese-tariffs/477949002/
I do believe this national news==Trump's trade war will eventually affect lots of state.
A brief look into who began the cultivation of American ginseng in central Wisconsin and what made Marathon County the number one producer in North America.
636209357461629005-WDHBrd-07-16-2016-Herald-1-A003--2016-07-15-IMG-b99691633z.1-2016032-2-1-3DF0MLHS-L845975932-IMG-b99691633z.1-2016032-2-1-3DF0MLHS.jpg
?pubId=41823025001&quality=10
RELATED: Ginseng by the numbers in Marathon County and central Wisconsin
RELATED:Tech giant Foxconn inks deal to boost Wisconsin ginseng growers
= new reply since forum marked as read
interfere with their beer drinking time. Learned that on the jobs I worked up there, LOL. Those guys were bar hopping on snowmobiles in wintertime.
It was cool to fly back home with a suitcase full of local cheese, though.
..........
The ones I read about were no doubt targeting red states like TN and KY (whiskey) and FL (citrus).
I agree it will be targeted to get maximum blowback against Trump, either from consumers/workers (soybeans, lumber, etc.) or from Wall Street (aircraft, electronics, etc.).
Regardless, we'll be the ones paying the entire cost of this insanity, and I'm betting the net effect on US jobs will be negative.....
leettle snotty scotty walker..he'll know what to do...
