fromBusiness Insider
1 week agoHow a 241% tariff helped America's pistachio boom
When the United States slapped a 241% tariff on Iranian pistachios nearly 40 years ago, it set the stage for one of America's biggest agricultural success stories. The trade barrier opened the door for small California farmers to build a new homegrown industry. Today, California supplies more than 60% of the world's pistachios, a significant portion of the global pistachio market that's worth an estimated $5.6 billion and projected to grow to over $7 billion by 2030.
Agriculture