• [stock-market-ticker symbols="AAPL;MSFT;GOOG;HPQ;^SPX;^DJI;LSE:BAG" stockExchange="NYSENasdaq" width"100%" palette="financial-light"]

    White House Is Listening To America's Hazelnut Farmers

    March 18, 2020
    No Comments
    Image by Veganbaking.net

    Larry George of Northwest Hazelnut Company sells 50% of American hazelnuts. 99% hazelnuts produced in America come from Oregon. George gave CDMedia a follow-on interview to our last conversation regarding the trade war with one of his biggest customers -- China.

    George has continued to meet with Washington officials to ensure a direct trading relationship with the Chinese, as well as developing other markets.

    "The Trump administration has been very good, super supportive; we felt hugely honored to be taken so seriously from The White House.

    "The Chinese have also been very open and supportive as they very much want a reliable supply of our product.

    "Our tariff went from 25% to 65% during the trade war plus value added tax and we went to 81% per dollar and lost market share; our pricing went down substantially in 2018. In 2019 recovered somewhat but nowhere near where we need it to be.

    "The phase one deal was signed in January and a Chinese delegation flew to Portland; we took them to meet our governor. The Democratic Party in Oregon has also been supportive.

    "We made a case during that meeting that we needed a waiver to help support their efforts to buy American agriculture for the trade deal.

    "We're feeling incredibly optimistic we can navigate the phase one trade deal that the Trump administration put together for us."



    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of

    Inline Feedbacks
    View all comments


  • Subscribe to our evening newsletter to stay informed during these challenging times!!