The latest development in the Chinese market came as welcome news for the California citrus industry, as China moved to implement tariff exemptions, Citrus Industry reports. California Citrus Mutual President Casey Creamer explained that the tariff reduction is coming at an important time for the industry.
“It’s probably the break we’ve been looking for when it comes to citrus movement to China,” Creamer explained. He said that as of March 2, 35 percent of those tariffs came off. “So that’s good news for our growers as we hope to regain some of that lost volume that we were shipping to China.”
The removal of the Section 301 Tariffs comes after the other recent progress made in the tariff conflict with China with the establishment of the Phase One trade agreement. These developments should provide a notable amount of relief for the California citrus industry, which has been dealing with a tariff rate that totaled 70 percent.