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Balanced Reporting. Trusted Insights.
Wednesday, April 02, 2025
China had no right to hit U.S. exports – including farm commodities - with retaliatory tariffs five years ago in response to U.S. steel and aluminum tariffs, according to a ruling Wednesday by a World Trade Organization dispute panel.
Drought, low prices, supply chain disruptions have been plaguing California’s walnut farmers for years and a heat wave during last year’s harvest scorched the state’s groves, but ideal weather so far this year has the sector optimistic that growers are going to see their fortunes change.
Overall, American agricultural exports have recovered from the trade war with China that began five years ago, but many specialty crops still suffer from Chinese retaliatory tariffs.
India marked Prime Minister Narendra Modi’s visit to the White House and Capitol Hill by agreeing to cut tariffs that it imposed on some U.S. farm goods five years ago in retaliation for U.S. tariffs on Indian steel and aluminum imports, the Office of the U.S. Trade Representative said Thursday.
A second big Supreme Court case for agriculture is coming up next week, this one involving California’s Proposition 12 requirements for animal housing.
California growers produced the largest walnut harvest to date in the 2020-2021 crop year. The California Walnut Board (CWB) says the 785,000 tons is an increase of 20% over the 2019 crop.
U.S. Trade Representative Katherine Tai is meeting with high-level trade officials and reconvening the U.S.-India Trade Policy Forum to discuss India’s steep tariffs and other trade barriers, many of which are preventing or dampening U.S. exports of tree nuts, apples and dairy to the second-most populous nation in the world.
The U.S. sold about $20 million worth of peanuts to Japanese importers last year, but the American Peanut Council expects that American farmers will be able to sell a lot more in the coming years now that they have a tariff advantage over the Chinese.
India is buying more California walnuts than it ever has, but West Coast farmers see a vast potential for even more trade as they wrap up a new media campaign in the Asian giant that is home to 1.3 billion people.
