American ginseng is a perennial herb with a root resembling a parsnip.
One of the less noticed U.S. exports to land on the hit list last week? American ginseng.
The Ginseng Board of Wisconsin estimates that exports of the root totaled 586,430 pounds, or about $20 million dollars, in 2016.
Over 40 percent of that crop was shipped off to China according to the U.S. Department of Agriculture and almost all of it, 90-95 percent according to different estimates, was grown in Marathon County.
If those same consumers turn to Canada or North Korea for their herbal needs, the two other countries known that grow ginseng, an economic depression could come to the little Wisconsin county and with it changing political preferences.
If Trump loses voters over rising ginseng costs, it's likely he will have already lost support over more significant tariffs on things like aluminum and pork.
Watching the price of ginseng might not be a bad way to read 2020 tea-leaves.
https://www.washingtonexaminer.com/opinion/watch-ginseng-exports-to-china-and-this-wisconsin-county-to-read-trumps-2020-tea-leaves
One of the less noticed U.S. exports to land on the hit list last week? American ginseng.
The Ginseng Board of Wisconsin estimates that exports of the root totaled 586,430 pounds, or about $20 million dollars, in 2016.
Over 40 percent of that crop was shipped off to China according to the U.S. Department of Agriculture and almost all of it, 90-95 percent according to different estimates, was grown in Marathon County.
If those same consumers turn to Canada or North Korea for their herbal needs, the two other countries known that grow ginseng, an economic depression could come to the little Wisconsin county and with it changing political preferences.
If Trump loses voters over rising ginseng costs, it's likely he will have already lost support over more significant tariffs on things like aluminum and pork.
Watching the price of ginseng might not be a bad way to read 2020 tea-leaves.
https://www.washingtonexaminer.com/opinion/watch-ginseng-exports-to-china-and-this-wisconsin-county-to-read-trumps-2020-tea-leaves
No comments:
Post a Comment