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Further Trade Wars Will Harm California Agriculture
Colin A. Carter, Sandro Steinbach, Yasin Yildirim | September 30th, 2024
As protectionist policies gain momentum in the United States, the future of California’s agricultural trade faces pessimism. With proposals to expand tariffs on imports from China and other nations, California farmers—who depend on global markets as an outlet for their almonds, wine, and other agricultural goods—are aware that there would be trade retaliation from our trading partners. If a significant new trade war develops, California could see a quarter of its agricultural exports wiped out, costing the state’s economy $6 billion annually.
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