Tariffs Go Nuts

摘要

Almonds are an especially lucrative product for California-the state's almond industry currently supports more than 100,000 jobs and accounts for approximately $11 billion of the state's economy. Instead of being roasted and seasoned with salt, however, almonds are being roasted by escalating Chinese tariffs. Earlier in 2018, President Trump implemented steep tariffs against offshore aluminum and steel. China reciprocated with an extensive range of retaliatory tariffs, affecting approximately $60 billion worth of Made in America products. The Chinese government plans to impose tariffs on up to $130 billion worth of goods, which basically accounts for almost all U.S. goods imported to China.