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
dhol82
(9,353 posts)Wisconsin ginseng is the premier product that is shipped out.
Wonder, if they lose this market, if it will snowball into a market recession problem?
Wonder how Walker will spin the disaster?
lunasun
(21,646 posts)Wellstone ruled
(34,661 posts)been the Business since early 1960. Talk about a Cash Cow.
dbackjon
(6,578 posts)Trump "won" Wisconsin by 27K votes. 12K of that margin came from Marathon County
riversedge
(70,242 posts)Yavin4
(35,442 posts)Out the ballpark!
SCVDem
(5,103 posts)Aren't you happy your stupid hate and bigotry succeeded in getting dump elected?
I know. I was born there.
Still In Wisconsin
(4,450 posts)Nonetheless,
KY_EnviroGuy
(14,492 posts)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.
..........
fierywoman
(7,686 posts)chose products specifically from red states.
Hope it's true.
Shipwack
(2,164 posts)Fruits, vegetables, nuts, and wine? They all are major exports of California.....
A big blue state, that has been a major thorn in this administrations side, might be hurt the most.
This is probably very pleasing to him, though I doubt he had the foresight to plan it that way.
fierywoman
(7,686 posts)KY_EnviroGuy
(14,492 posts)The ones I read about were no doubt targeting red states like TN and KY (whiskey) and FL (citrus).
fierywoman
(7,686 posts)(AH. So it wasn't a senior moment!)
KY_EnviroGuy
(14,492 posts)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.....
Shipwack
(2,164 posts)fierywoman
(7,686 posts)the concept of "ubuntu": I am because you are. CA is so huge, of COURSE it's going to be affected.
Shipwack
(2,164 posts)Maxheader
(4,373 posts)leettle snotty scotty walker..he'll know what to do...
jpak
(41,758 posts)eggplant
(3,911 posts)Wouldn't that beat the tariff?