When the United States provoked a trade war, China was forced to fight back with tariffs on agricultural exports to the United States. In some supermarkets and fruit stores in Shenzhen, soybean blending oil, American oranges and cherries have risen in different degrees. The increase in oranges has reached more than 50%, and many consumers have returned to domestically produced fruits. At the same time, large volumes of American fruit stranded in Hong Kong have lowered the price of their locally produced fruit.
In the fruit chain stores and large supermarket chains in Luohu, Shenzhen, the price of cherries can now be as high as 89 yuan, an increase of nearly 50%. The price of oranges imported from the United States is as high as 15 yuan a jin, about 10 yuan more than the domestic one. Some supermarket salesmen said that because of the increase in tariffs on fruits imported from the United States, their costs have risen a lot, and they have to raise prices, so sales have fallen sharply.
Source: Ta Kung Pao
