WAUSAU, Wis. — In China, ginseng is a popular gift prized for its healing powers, and surprisingly enough, Wisconsin-grown ginseng is considered the world’s best. In 2016, 590,000 pounds of the root, claimed to boost immunity and ease the effects of chemotherapy, was exported from the United States, most of it to China — with 98 percent coming from here in Marathon County.
But Mr. Trump’s trade war with China, along with the coronavirus pandemic, which has stymied air travel between the countries, has caused ginseng prices to plunge to 1970s levels, far below today’s production costs. Many farms, some of them generations old, are rapidly failing, according to Joe Heil, a longtime grower in Edgar, Wis., and a 20-year member of the Ginseng Board of Wisconsin.
In Marathon, Wisconsin’s largest county by area, voters traditionally lean Republican. Although Barack Obama won Marathon County in 2008, he lost it in 2012, and Mr. Trump enjoyed a sweeping win in 2016.
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WAUSAU, Wis. — In China, ginseng is a popular gift prized for its healing powers, and surprisingly enough, Wisconsin-grown ginseng is considered the world’s best. In 2016, 590,000 pounds of the root, claimed to boost immunity and ease the effects of chemotherapy, was exported from the United States, most of it to China — with 98 percent coming from here in Marathon County.
But Mr. Trump’s trade war with China, along with the coronavirus pandemic, which has stymied air travel between the countries, has caused ginseng prices to plunge to 1970s levels, far below today’s production costs. Many farms, some of them generations old, are rapidly failing, according to Joe Heil, a longtime grower in Edgar, Wis., and a 20-year member of the Ginseng Board of Wisconsin.
In Marathon, Wisconsin’s largest county by area, voters traditionally lean Republican. Although Barack Obama won Marathon County in 2008, he lost it in 2012, and Mr. Trump enjoyed a sweeping win in 2016.
its anticipated notice raising tariffs another 15% on some $200 billion worth of Chinese goods, including tilapia, shrimp, tuna, squid and red swimming crab. The action reportedly was taken because Beijing backtracked on buy american agriculture.
For more information visit https://www.undercurrentnews.com/terms-and-conditions
As bad as the news about the increase of US tariffs on Chinese seafood from 10% to 25%, the seafood industry is braced for yet more pain this week and full of questions in relation to the ongoing trade dispute. Talks between US and Chinese negotiations
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6 Copyright Notice source undercurrentnews.
its anticipated notice raising tariffs another 15% on some $200 billion worth of Chinese goods, including tilapia, shrimp, tuna, squid and red swimming crab. The action reportedly was taken because Beijing backtracked on buy american agriculture.
For more information visit https://www.undercurrentnews.com/terms-and-conditions
As bad as the news about the increase of US tariffs on Chinese seafood from 10% to 25%, the seafood industry is braced for yet more pain this week and full of questions in relation to the ongoing trade dispute. Talks between US and Chinese negotiations
President Trump ordered the Department of Agriculture to offer a lifeline to the struggling Maine lobster industry that has been hit hard by his trade policies with China.
Trump's trade war with China devastated farmers in the Midwest, but it also evaporated Maine's chief export market as escalating tariffs led China to place a 35 percent markup on lobster.
The late Wednesday order from Trump all but directs the Agriculture Department to extend a $30 billion farm bailout program to Maine's commercial fishers. The program previously sent cash to corn, soybean, pig and other farmers, primarily in the Midwest, who Trump has courted in his reelection effort.
The move follows years of lobbying by Maine's congressional delegation, which cited "severe financial difficulties due to unfair retaliatory tariffs" in a joint statement expressing support for the government aid.
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President Trump ordered the Department of Agriculture to offer a lifeline to the struggling Maine lobster industry that has been hit hard by his trade policies with China.
Trump's trade war with China devastated farmers in the Midwest, but it also evaporated Maine's chief export market as escalating tariffs led China to place a 35 percent markup on lobster.
The late Wednesday order from Trump all but directs the Agriculture Department to extend a $30 billion farm bailout program to Maine's commercial fishers. The program previously sent cash to corn, soybean, pig and other farmers, primarily in the Midwest, who Trump has courted in his reelection effort.
The move follows years of lobbying by Maine's congressional delegation, which cited "severe financial difficulties due to unfair retaliatory tariffs" in a joint statement expressing support for the government aid.
Beijing has cautiously welcomed Vladimir Putin’s suggestion that a military alliance between Russia and China is possible – the first time a Russian leader has made such a suggestion since the pact between Stalin and Mao Zedong collapsed.On Friday he was asked about the possibility of such an alliance during a meeting of the Valdai Discussion Club, a Russian international affairs forum, and replied: “We have always believed that our relations have reached such a level of cooperation and trust…</description>
<pubDate>Sun, 25 Oct 2020 23:00:17
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Beijing has cautiously welcomed Vladimir Putin’s suggestion that a military alliance between Russia and China is possible – the first time a Russian leader has made such a suggestion since the pact between Stalin and Mao Zedong collapsed.On Friday he was asked about the possibility of such an alliance during a meeting of the Valdai Discussion Club, a Russian international affairs forum, and replied: “We have always believed that our relations have reached such a level of cooperation and trust…</description>
Just a week before November’s election, two of US President Donald Trump’s top national security aides will visit India for meetings focused largely on countering China’s growing global influence.As the bitter race between Trump and former vice-president Joe Biden winds down, the talks this week in New Delhi aim to reinforce the president’s anti-China campaign message.Secretary of State Mike Pompeo and Defence Secretary Mark Esper will meet their Indian counterparts for strategic and security…</description>
<pubDate>Sun, 25 Oct 2020 16:50:41
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Just a week before November’s election, two of US President Donald Trump’s top national security aides will visit India for meetings focused largely on countering China’s growing global influence.As the bitter race between Trump and former vice-president Joe Biden winds down, the talks this week in New Delhi aim to reinforce the president’s anti-China campaign message.Secretary of State Mike Pompeo and Defence Secretary Mark Esper will meet their Indian counterparts for strategic and security…</description>
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