Tariffs impacting New Mexico's pecan industry | KOB 4
Advertisement

Tariffs impacting New Mexico's pecan industry

Pecan orchard under irrigation, Anthony, NM, Sept. 2012 Pecan orchard under irrigation, Anthony, NM, Sept. 2012 |  Photo: Dicklyon/Creative Commons License

The Associated Press
November 26, 2018 10:22 AM

LAS CRUCES, N.M. (AP) - President Donald Trump's continued trade war with China will likely cost pecan growers throughout New Mexico, where the pecan harvest has begun.

Advertisement

China is the biggest foreign consumer of U.S.-grown pecans and imposed a 47 percent tariff on U.S. pecans in July in retaliation for tariffs levied by Trump on a wide variety of Chinese-made goods.

Chinese demand for pecans has disappeared as a result, and prices paid to growers have fallen.

But New Mexico growers tell the Las Cruces Sun News that weather damage to pecan crops in Georgia and other states will probably mean they here won't suffer as much as they might have in the short term.

Bigger concerns loom if the tariffs and hurricane damage to Georgia's crops reduce worldwide demand.
    

Credits

The Associated Press

Copyright 2018 The Associated Press. All rights reserved.

Advertisement
Comment on Facebook

Share 4 - News Tips - Photos - Videos
  Share a News Tip, Story Idea, Photo, Video



Advertisement

Relay Media Amp

Advertisement

Advertisement




Chevel Shepherd wins The Voice

APD increases bait cars around the metro

Navy veteran loses home to fire

Man accused of inappropriately touching 3-year-old released without bond

Police need help locating missing teen