FOX Enterprise’ Max Gorden has the main points from Shafter, California, on ‘Varney & Co.’
The state’s almond exports amounted to almost $4.66 billion in 2022, with the European Union, India, United Arab Emirates, China and Japan among the many prime recipients, based on a report from the California Division of Meals and Agriculture (CFDA).
SCOOP: NEWSOM ASKS WORLD LEADERS TO EXEMPT CALIFORNIA EXPORTS FROM RETALIATORY TARIFFS
California exported $23.6 billion in whole agricultural merchandise in 2022. Final yr, total exports of varied items from the state clocked in at $183.3 billion, based on the Workplace of the U.S. Commerce Consultant.
That got here simply days after President Donald Trump outlined a baseline levy of 10% on items imported from overseas nations and “individualized reciprocal higher” tariffs on sure nations.
“We do understand that things like this can help us into the future, so that is something I’m hopeful,” Jenny Holtermann, a fourth-generation almond farmer, advised Gorden of the tariffs. “I don’t see this as a short game. This is a long game that he is, you know, helping to try and fix, so we see that, and we hope that for generations to come, we’re able to keep our family farms sustaining.”
Gorden reported retaliatory tariffs had been “not unfamiliar territory” for California almond farmers, noting a College of California examine pegged losses from overseas commerce retaliation between 2018 and 2022 to previous U.S. tariffs at almost $900 million for the state’s almond producers.
HERE IS EVERY COUNTRY WORKING ON TRADE DEALS WITH THE US
Almost all of America’s almond manufacturing takes place within the Golden State, based on the Almond Board of California. The state’s business can be chargeable for 80% of the world’s almond manufacturing.
Almost all of America’s almond manufacturing takes place within the Golden State, based on the Almond Board of California. (Tayfun Coskun/Anadolu by way of Getty Photos / Getty Photos)
The minimal 10% tariffs went reside April 5. In the meantime, Trump’s reciprocal tariffs are slated to come back into drive beginning Thursday.
Trump’s reciprocal tariffs are slated to come back into drive beginning Thursday. (Chip Somodevilla/Getty Photos / Getty Photos)
Some nations have been trying to come to the negotiating desk with the U.S. on commerce amid the brand new tariffs.
SCOTT BESSENT SAYS UP TO 70 NATIONS WANT TO NEGOTIATE OVER TRUMP’S TARIFFS
Treasury Sec. Scott Bessent advised FOX Enterprise’ Larry Kudlow on Monday that “there are 50, 60, maybe almost 70 countries now who have approached us.” He mentioned it was going to be a “busy April, May, maybe into June.”
