As China retaliates in Trump trade war, damage for Northwest cherry growers could reach $86 million

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The Trump administration’s trade war with China is expected to cost the region’s sweet-cherry growers $60 million to $86 million in lost revenue, according to an initial estimate developed by the Northwest Horticultural Council.

The damage results from cherries selling for less in what had been a prime export market. Some sales were missed altogether as China’s retaliation for U.S. tariffs took hold. Earlier this year, China put a 15 percent tariff on cherries, and followed it in early July with an additional 25 percent hit just as fruit were being shipped to market.

Click here to read the full story from the Seattle Times.

Source: WSFB