May. 15 at 2:20 AM
US to put up to 5% on Canadian mushrooms
The duties apply to the Agaricus genus, which includes white button, crimini, & portobello mushrooms
US claims that Canadian mushrooms are being sold at artificially low prices in the US making it impossible for American farmers to compete on a level playing field.
Nearly 48% of Canadian mushroom production is exported, almost entirely to the US
Total fresh mushroom imports (mostly from Canada) have surged from 6% to 25% of the total US domestic supply over the last two decades
USITC must still issue a final ruling - If they find that Canadian imports did not cause material injury to the US industry, these preliminary duties will be terminated & refunded
The immediate effect will likely be a retail price increase of +3% to +7%
In April, the Food index rose +3.2% y/y
$DPZ $PZZA $SYY $CPB too expensicve
