As China prepares new tariffs, Wisconsin ginseng farmers already feeling the effects

[jpak]

https://www.jsonline.com/story/news/politics/2018/07/09/china-prepares-new-tariffs-wisconsin-ginseng-farmers-already-feeling-effects/764499002/

MADISON - After the U.S. officially launched $34 billion in new tariffs last Friday, China announced it would hit back with more duties of its own.

Although the country has yet to announce which U.S. goods will be targeted, Wisconsin ginseng farmers are already reeling from a 15 percent tariff levied by China three months ago.

“Tariffs don’t do anybody any good,” said Craig Baumann, whose family runs a 500-acre ginseng farm in Wausau. “We had one brand new customer lined up and (a) signed contract and everything, and they walked away from it the day that 15 percent tariff went on.”

Wisconsin is the country’s leading exporter of ginseng, and farmers in Marathon County, where production of the crop dominates, are worried about how the tariffs will affect business in the coming year. Farmers are finding that they are having to discount their crop to keep customers.

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[donkeypoofed]

1. Spanky won Wisconsin. Are they already tired of winning?

Betcha they'll end up listening to Spanky when he says to be patient. Patience doesn't buy food or pay the bills. Oh well. This is what they wanted. Wonder how that farmer will vote in November?

[OnDoutside]

3. Yes, in fact they're singing about it

[kimbutgar]

2. What's even sadder they stil support Twitler and his policies

And if the election were held today they’d still vote for him today. I have no sympathy for them whatsoever.

[dalton99a]

4. They should use ginseng to calm them down

[roamer65]

5. Womp womp.

[Hoyt]

7. +1000000

[JDC]

6. The proverbial "you reap what you sow" seems fitting

Maybe they can grow bootstraps next year. I've heard there is going to be big demand very soon.